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Mon 25 Oct 2010 05:32 PM

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Qatar Exchange listings post 18% increase in profits

Combined net profits of 42 of the 43 companies reaches $6.31bn for first nine months of 2010

Qatar Exchange listings post 18% increase in profits
The net profit of companies listed on the Qatar Exchange amounted to QR23bn ($6.31bn) in the first nine months of the year

The net
profit of companies listed on the Qatar Exchange amounted to QR23bn ($6.31bn)
in the first nine months of the year, an increase of 18.07 percent on the year-earlier period.

Of the 43
companies listed on the Qatar Exchange, 42 have disclosed their financial
statements for the nine months to September 30, 2010, the QE said in a statement.

The only listed company missing from the round-up was Vodafone Qatar, which ends its financial year starts on March 31.

The QE
statement said the total reported net profit for the 42 companies was QR23bn
($6.31bn), a rise of 18.07 percent on the QR19.5bn ($5.35bn) reported during the same period in 2009.

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