Industries Qatar Net Profit Rose by 62% to QR3.8 Billion in Q3 2018

October 25, 2018

Industries Qatar (IQ) net profit amounted to QR3.8 billion, compared to QR2.4 billion for the same period last year, while its earnings per share reached QR6.32 in the period ended 30/9/2018, versus QR3.90 for the corresponding period of 2017.

The Group’s Comments:

IQ’s operating profit for the nine months ended 30/09/2018 increased by 64.5% to QR800 million, while its total expenses decreased by 8.1% to QR173.9 million. After adding a share of the profits of joint ventures worth QR2.92 billion, the result is a net profit of QR3.83 billion, an increase of 62.3%.