The Group’s Comment - Qatar Industries Semi-annual Results 2020

27-07-2020


 

Net profit: The Company’s net profit for the period slumped 67%, nearly QAR 974 million, to QAR 485.2 million versus QAR 1,456 million for the parallel half 2019.
Earnings per share amounted QAR 0.08 compared to QAR 0.24 for the equivalent half last year 2019. The company results was hit and recorded exceptional loss by QAR 1.2 billion due to the shutdown of specific productive utilities in the iron and steel sector in Qatar.

 

In order to compensate its losses, the company has conducted a reassessment of its share in Qatar Chemical Fertilizers Company ‘QAFCO’, by QAR 1.2 billion.

Results per sector:




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