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.

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.

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