Doha – Mubasher: Mesaieed Petrochemical Holding Company’s profit rose in the first quarter of fiscal 2016 by 2.8% to QAR 212.4 million ($58.3 million), versus QAR 116.2 million ($31.9 million) in Q1-15.

Earnings per share reached QAR 0.17 by the end of March 2016, compared to QAR 0.09 in the same period of 2015, according to a bourse filing on Thursday.

Mesaieed earlier posted a net profit of QAR 1.09 billion in 2015, rising 1% from QAR 1.08 billion in 2014.

The stock closed today’s session with a rise of 0.51% through exchanging 184,650 shares at QAR 3.64 million.