(MENAFN- Qatar News Agency) Industries Qatar (IQ) announced Monday its financial results for the nine months ended September 30, 2013 with a net profit of QR 6.3 billion.
HE Minister of Energy and Industry, Chairman and Managing Director of Industries Qatar, Dr. Mohammed bin Saleh Al Sada said today that the group continued its record-breaking full year results in 2012 with commendable year-to-date earnings as net profit for the nine months ended September 30, 2013 was QR 6.3 billion, one of the group's strongest nine-month results
HE Al Sada added that the result was supported by incremental sales volumes following the launch of over QR 12.8 billion of facilities that added 2.0 million MT of urea and 240,000 MT of LDPE capacity during 2012
The Minister of Energy and Industry noted that total cash and short-term deposits across all of the group's companies have grown by QR 2.0 billion over the same period of last year to reach QR 10.3 billion by the close of 30 September 2013, which reflected the group's improved financial position
Al Sada noted that the group's board was full of optimism after reviewing the financial achievements of the first nine months of 2013.
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