Mesaieed Petrochemicals Net Profit Rises to QR 1 Billion in Q3 2018

October 30, 2018

Mesaieed Petrochemicals Company net profit amounted to QR 1 billion, compared to QR806 million for the same period last year, while the company’s earnings per share recorded QR0.82 for the fiscal period ended 30/09/2018, versus QR0.64 for the corresponding period of 2017.

The Group’s Comments:

Mesaieed Petrochemicals total revenues climbed by 27.1% to QR945 million and total expenses increased by 23.8% to QR15.1 million. After the addition of tax refunds of QR97.9 million, the net profit rose by 27.5% to QR 1,027.8 million.