GulfBase Live Support
Leave a message and our representative will contact you soon
30/10/2017 06:10 AST
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, posted a net profit of QR805.9m for the nine months period ended September 30, 2017 with earnings per share of QR0.64, surging by 13 percent on previous year.
Improved selling prices coupled with one-off claims received were the main contributors towards improved performance. The financial performance significantly exceeded the group’s budget expectations.
The group’s profit for the period was also aided by recognition of a tax refund of approximately QR74.3m for the period. The group continued to benefit from the supply of competitively priced ethane feedstock and fuel gas under long-term supply agreements. This contracting arrangement is an important value driver for the group’s profitability in a challenging market condition.
The closing cash position after the first nine months of operations and after distribution of previous years’ dividends of QR724.2m, was a robust QR1.1bn as at September 30, 2017. The total assets at September 30, 2017 was QR14.5bn, compared to QR14.4bn as at 31 December 2016.
Reflecting MPHC’s robust liquidity position, the closing cash stood at QR1.1bn, after the distribution of previous years’ dividends of QR724m, at the end of September 2017. Tax refund of QR74m booked for the period.
The Peninsula
07/03/2018
Mesaieed Petrochemical Holding Company is embarking on a “selective capital expenditure programme” to maintain competitiveness in the market, it was announced yesterday during MPHC’s annual general m
Gulf Times
15/02/2018
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, registered a robust net profit of QR1.1bn for t
The Peninsula
07/08/2017
Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, delivered a net profit of QR468.6m for the six
The Peninsula
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News