By: Eman Ghaly

Mubasher: Profits of 36 firms listed on the Qatar Stock Exchange (QSE) rose 11.4% in 2018, according to a survey conducted by Mubasher.

The companies’ profits amounted to QAR 41.1 billion ($11.36 billion) last year, from QAR 36.9 billion ($10.2 billion) in 2017.

There are 36 firms that disclosed their 2018 financial results out of the total 46 QSE-listed companies distributed over seven sectors, namely the banking, industrials, real estate, transportation, goods, telecommunications, and insurance sectors.

Sector contribution

The banking sector accounted for 56.7% of the companies’ 2018 total annual profits, as eight lenders disclosed their financial statements with profits totalling QAR 23.3 billion.

Meanwhile, the industrials sector came in at the second place with 22.04%, or QAR 9.06 billion, followed by the real estate and goods sectors which made up 5.88% and 4.75%, respectively.

The telecommunications sector acquired 4.09% of the total disclosed profits, followed by the transportation and financial services sectors with 4% and 0.03%, respectively.

Q4 performance

Profits of the 36 companies that disclosed their financial results grew 11.05% to QAR 10.17 billion in the fourth quarter of 2018, from QAR 9.16 billion in the year-ago period.

The banking sector topped the other sectors in terms of profits with 50.38%, followed by the industrials, real estate and good sectors with 20.75%, 9.32%, and 6.45%, respectively.

Meanwhile, the telecommunications sector accounted for 5.07% of the profits of the 36 firms, while the transportation and financial services sectors made up 4.07% and 0.03%, respectively.

Translated by: Zeinab Adel