The Group Securities: Overview of the Key Indicators of Consolidated Financial Statements of the Industrial Sector Companies Listed on Qatar Exchange for H1 2019

 

August 08, 2019

 

The Group Securities presents its review of the key indicators of the consolidated financial statements of the industrial sector on Qatar Stock Exchange for the first half of 2019, as reflected in the financial statements for the period ended 30/06/2019, namely the Consolidated Net Profits, Revenues and Net Profit Margin. The chart published in this report summarizes the key indicators of the consolidated financial statements of the industrial sector on the Qatar Exchange for the first half of 2019.

 

-        Profits of the industry sector for Qatari companies listed on the Stock Exchange amounted to QAR 2.87 billion for the first half of 2019, down 38.6% compared to the same period of 2018. Investment Holding Group recorded the highest profit growth at 19.5%, while Mesaieed Petrochemicals had the biggest decline in profits at 54%.

 

-        Industries Qatar’s profits made up 51% of the sector's net profits, followed by Qatar Electricity & Water Co. with 21.5%.

 

-        On the other hand, the revenues of the sector fell by about 10%. The largest decline in this sector was recorded by both Mesaieed Petrochemicals and Industries Qatar at around 23%, due to declining prices of petrochemical products during this period.

 

-        The average net profit margin for the companies operating within this sector amounted to about 36%. The highest margins were Mesaieed’s and Industries Qatar’s at 67% and 63% respectively, while the lowest margin was recorded by Gulf International Services at 2%.

 

* QAMCO is not included in this review as its financial statements cover 7 months, and does not have a prior comparative period.