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Industries Qatar Q3 net profit down 54.6%

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 14 October 2009
PROFIT AND LOSS: Industries Qatar posted a net profit of QR3.8bn in the first nine months of the year. (Getty Images)
PROFIT AND LOSS: Industries Qatar posted a net profit of QR3.8bn in the first nine months of the year. (Getty Images)

Industries Qatar posted a third-quarter net profit of QR1.17bn, down 54.6 percent from the same quarter last year, according to Reuters calculations, meeting analysts forecasts.

Qatar's largest company by market value made a net profit of QR3.8bn in the first nine months of the year, according to a statement on the bourse website.

It made a net profit of QR2.58bn in the third quarter of 2008. Reuters calculated the third quarter based on previous financial statements.

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The company did not give a breaInkdown of its results.

Analysts surveyed by Reuters in early October estimated Industries Qatar third-quarter at an average of QR1.08bn. (Reuters)

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