Wednesday 8 August 2012

UPDATE 1-Industries Qatar Q2 profit inches up, meets forecasts | Reuters

Industries Qatar, the Gulf's second-largest petrochemicals firm, posted a slight rise in second quarter profits on Wednesday, falling in line with analyst estimates.

The Qatari firm had net profit of 2.14 billion riyals for the quarter ended June 30, according to Reuters calculations based on financial statements. That compared with profit of 2.08 billion riyals a year earlier.

Analysts forecast average profit of 2.09 billion riyals, in a Reuters poll.

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