Industries Qatar Announces Earnings Results for the Six Months Ended June 30, 2017
August 09, 2017 at 07:59 am EDT
Industries Qatar announced earnings results for the first half ended June 30, 2017. For the period, the company has recorded a net profit of QAR 1.6 billion, down by 19% compared to the same period of 2016. Revenue reported under IFRS 11 was QAR 2 billion, a fall of 17%, over the same period of 2016. The year on year change was due to a modest reduction in the sales volumes driven by a decline in production of polyethylene and fertilizers.