Falling petrochemical prices, a drop in revenue in its steel business and expenses arising from a project delay contributed to the profit decline. Full production at IQ's new fertiliser plant, Qafco 5, and a rebound in petrochemical demand will lead to better financial results in the current quarter, analysts said.
Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Wednesday, 15 February 2012
Industries Qatar hopes for rebound as profit falls - The National
Fourth-quarter profit for Industries Qatar (IQ), the group controlling Qatar's petrochemical, fertiliser and steel sectors, fell 19 per cent compared with the same period a year earlier.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment