Qatar's MPHC posts QR468.6mn profit in H1
(MENAFN) Mesaieed Petrochemical Holding Co., a subsidiary of Qatar Petroleum received a net profit of QR486.6mn for the Jan-June period of this year.
The firm's earnings per share reached QR0.37 and profit fell marginally by 4 percent from a year ago, while reduced sales volumes on periodic turnaround are offset by the increase in selling prices.
In addition, the group's profit for the period was supported by recognition of a tax refund of almost QR42.8mn for the period.
Meanwhile, it continued to benefit from the supply of competitively priced ethane feedstock and fuel gas under long-term supply deals.
The firm's earnings per share reached QR0.37 and profit fell marginally by 4 percent from a year ago, while reduced sales volumes on periodic turnaround are offset by the increase in selling prices.
In addition, the group's profit for the period was supported by recognition of a tax refund of almost QR42.8mn for the period.
Meanwhile, it continued to benefit from the supply of competitively priced ethane feedstock and fuel gas under long-term supply deals.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment