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Wed 14 Oct 2009 10:17 AM

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Industries Qatar Q3 net profit down 54.6%

Qatar's largest company by value made net profit of QR1.17bn in the third quarter.


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.

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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