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Industries Qatar H1 profits down 14.6%

Industries Qatar H1 profits down 14.6%
Photo Credit: Arabianeye-Reuters
Industries Qatar
IQCD
0.41% 12.30 0.05

Doha-Mubasher: Industries Qatar’s profits declined 14.6% to QAR 2.4 billion in the six-month period ended 30 June 2015, compared to 2.8 billion during the same period of 2014, according to a bourse filing.

Earnings per share fell to QAR 4.01 in H1-15 from QAR 4.69 in H1-14.

The company reported a 40% drop in profits to QAR 951 million ($261.2 million) in Q1-15, compared to figures from the corresponding quarter of 2014.