Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index, Islamic Index close higher
- CBB Government Development Bond issue 39 oversubscribed by 308%
- Closing Bell: TASI closes in green at 11,764
- Qatar, Germany discuss mutual investments to strengthen ties
- Al Ahlia wins contract to build largest Merc-Benz facility in Kuwait
- Quarterly earnings announcements, tariff hold support stock market's rise: financial analyst
- Gold rebounds on dip buying despite US-China trade deal hopes
- China says US should revoke unilateral tariffs, denies talks
- Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group
- World Bank forecasts MENA growth at 2.6% in 2025, 3.7% in 2026
24/10/2017 10:03 AST
Petrochemicals, metals and fertiliser producer Industries Qatar posted a 1.6 percent drop in third-quarter net profit, according to Reuters calculations, in line with forecasts, as sales fell and performance was hurt by weak fertiliser prices and tightened operating margins.
The Middle East's second-biggest petrochemicals company said its operational and financial outlook was expected to improve further with efforts to controls costs.
It reported on Monday a net profit of 747.8 million riyals ($198.6 million) in the three months ending Sept. 30, Reuters calculated based on nine-month financial statements in lieu of a quarterly breakdown.
This compares with the 759.8 million riyals it posted in the corresponding period of last year, while the average forecast of three analysts polled by Reuters was for a quarterly net profit of 730.8 million riyals. Industries Qatar did not say whether the results had been affected by economic sanctions imposed by other Arab states on June 5, when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar, accusing it of backing terrorism, a charge Doha denies.
Since June, Qatar has arranged new shipping routes to minimise the impact of the rift on imports and exports.
Reuters
14/03/2018
Market heavyweight Industries Qatar (IQ) has announced the increase of foreign ownership limit (FOL) to 49% from 25%, a move that will enthuse foreign funds to enhance their exposure in the country's
Gulf Times
05/03/2018
Industries Qatar (IQ) is working to expand its operations and production capacities aiming to maintain and improve the competitiveness of its products in the local, regional and global markets, Saad
The Peninsula
13/02/2018
Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, reported a net profit of QR3.3bn and ear
The Peninsula
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 10.94 | 0.00 (0.00 |
| ADNOCLS | 4.40 | 0.02 (0.45 |
| NMDC | 24.04 | 0.20 (0.83 |
| ADPORTS | 3.90 | 0.01 (0.25 |
| MPHC | 1.39 | 0.00 (0.00 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia