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Industries Qatar’s Net Profit Declines 56.87% in Q1

Industries Qatar’s net profits declined 56.87% to QR 1.165 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 2.703 billion for the same period of the previous year.

According to a statement on Qatar Stock exchange website, Industries Qatar’s Earnings Per Share (EPS) amounted to QR 0.19 as of March 31, 2023 versus EPS QR 0.45 for the same period in 2022.

Qatar Aluminum Manufacturing Company’s net profits decreased 61.34% to QR 92.624 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 239.604 million for the same period of the previous year.

Its EPS amounted to QR 0.017 as of March 31, 2023 versus EPS QR 0.043 for the same period in 2022.

Gulf International Services Company’s net profits decreased 19.5% to QR 90.234 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 112.134 million for the same period of the previous year.

Its EPS amounted to QR 0.049 as of March 31, 2023 versus EPS QR 0.060 for the same period in 2022.

Qatar General Insurance & Reinsurance Company’s net profits decreased 24.35% to QR 44.990 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 59.474 million for the same period of the previous year.

Its EPS amounted to QR 0.051 as of March 31, 2023 versus EPS QR 0.068 for the same period in 2022.

Mesaieed Petrochemical Holding Company’s net profits declined 39.34% to QR 268.624 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 442.907 million for the same period of the previous year.

According to a statement on Qatar Stock exchange website, its EPS amounted to QR 0.021 as of March 31, 2023 versus EPS QR 0.035 for the same period in 2022.

Zad Holding Company’s net profits declined 2.58% to QR 41.729 million in the three-month period ending March 31, 2023 in comparison to a net profit of QR 42.835 million for the same period of the previous year.

Its EPS amounted to QR 0.15 as of March 31, 2023 versus EPS QR 0.16 for the same period in 2022.

Qatari German Company for Medical Devices’ net profits declined 99.94% to QR 269,577 in the three-month period ending March 31, 2023 in comparison to a net profit of QR 524,636 for the same period of the previous year.

According to a statement on Qatar Stock exchange website, its EPS amounted to QR 0.0023 as of March 31, 2023 versus EPS QR 0.0045 for the same period in 2022.

Source: Qatar News Agency

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