Profits of Qatar industrial sector drop by 8pct


(MENAFN) Whole profits of the industrial sector of Qatar dropped in the first half of this year by 7.8 percent to USD1.2bn, against USD1.4bn for the same period of 2015.

However, three firms faced a decline in their revenues for the cited period, whereas six others recorded an increase in their earnings for the period.

On the other hand, Industries Qatar posted the highest net profit of QAR1.96bn for H1 this year, 18.9 percent down from QAR2.4bn for H1 of last year.

Meanwhile, Qatar National Cement Co. recorded the lowest growth of 3.7 percent in its revenues for the same period this year to QAR251.6mn.


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