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MENAFN - 28/04/2014
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(MENAFN) The industrial Qatari giant, Industries #Qatar (IQ), posted a USD439 million net profit in the first three months of 2014, down by USD24.5 million compared to the previous quarter, The Peninsula #Qatar reported.

The firm, which has an interest in the production of a wide range of petrochemical, fertilizer and steel products, attributed the drop to the major maintenance shut-downs.

IQ registered a USD356 million revenue in the first quarter, decreasing by 20.6 percent to USD82.3 million compared to the same period of 2013.

"These preventive maintenance and warranty shut-downs are an essential requirement for large, industrial plants as they can help minimize unplanned disruption and ensure product quality is maintained," said the Minister of Energy and Industry.

 
 


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