Industries Qatar to ‘Exceed’ Profit and Revenue Goals - Bloomberg

Industries Qatar QSC (IQCD), the country’s second-biggest company by market value, will “significantly exceed” its profit and revenue targets for this year as the company starts operating a new fertilizer plant, the company’s chief coordinator said.

The company, which operates petrochemical, fertilizer and steel arms, targets net income of 4.9 billion riyals ($1.4 billion) and revenue of 14.5 billion riyals for 2011, Abdulrahman Al-Shaibi said in a release today.

With the “imminent” start of Qatar Fertilizer Co.’s 9.6 billion-riyal Qafco 5 urea and ammonia plant, “the group is on course to deliver an exceptional 2011 full-year result,” Al- Shaibi said.

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