Industries #Qatar reports 47% fall in nine-month net profit - Reuters

Industries Qatar reports 47% fall in nine-month net profit - Reuters:

Industries Qatar on Sunday reported a 47% fall in nine-month net profit to 2 billion Qatar riyals ($549.22 million) citing lower sales and prices.

The company said in a statement it had been hurt by a global slowdown, the global trade row and volatile commodity prices as well as planned and unplanned maintenance.

The Middle East’s second-biggest petrochemicals company by market value said its earnings per share fell to 0.34 riyals from 0.63 riyals a year earlier.