Qatari listed companies have failed to impress investors with their net profits that add up to QR28.5bn ($7.80bn) year-on-year in the first three quarters of this year, up a meagre 1.88 percent over the same period in 2011.
Qatar Exchange (QE) announced on its website yesterday that 41 of the 42 listed entities had all reported their financials for the three quarters except Vodafone Qatar whose financial year is from April to March.
Calculations made by this newspaper suggest that just three of the 42 entities—large cap Industries Qatar (IQ), Qatar National Bank (QNB), the country’s largest lender, and Qatar Telecom (Qtel)—have a lion’s share of over 53 percent (QR15.2bn or $4.16bn) in the profit volume.
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