Publication Date:
Tue, 2011-04-12 21:11
The chemical producer made a first quarter net profit of 2.1 billion riyals, according to a statement on the bourse website, compared with 1.2 billion riyals a year earlier.
The company reported 4 billion riyals in revenue for the first quarter, the statement said.
Analysts polled by Reuters on average expected the company to post quarterly profit of 1.7 billion riyals.
Industries Qatar is one of the regional petrochemicals companies that have struggled through the global economic downturn, although market fundamentals have shown signs of recovery since late 2009.
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