Monday 9 July 2018

Qatar firms’ Q2 earnings expected to pick up by 13% - The Peninsula Qatar

Qatar firms’ Q2 earnings expected to pick up by 13% - The Peninsula Qatar:

The aggregate earnings of Qatar’s listed companies are forecasted to pickup by 13 percent year-on-year in the second quarter of this year (Q2, 18). IQ (Industries Qatar) bottom line is forecasted at QR1.2bn vs. QR513m YoY, up 73 percent, led by higher petrochemical product prices. In addition, Commercial Bank’s net income is to reach QR410m vs. QR 88m YoY, on healthy balance sheet growth and lower provisioning, according to a ‘GCC consensus estimate’ by SICO Research.

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