Font Size

- Aa +

Wed 14 Oct 2009 10:17 AM

Font Size

- Aa +

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)

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.