Doha: Qatar Stock Exchange (QSE) listed firms have posted impressive results in the nine-month period of the current year. The combined net profits of companies listed on QSE have reached QR33.47bn for the nine months of 2021, showing a surge of over 30 percent compared to the same period the last year. The consistent rise in net profits of the listed companies is fueled by the strong recovery in Qatar’s economy.
“All of Qatar Stock Exchange listed companies have disclosed their financial statements results for the nine months period ended September 30, 2021. The results show a net profit of QR33.47bn compared to QR24.63bn for the same period last year, an increase of 35.86 percent,” said the QSE in a statement on its website.
Qatari companies have been posting strong results since the start of this year despite the challenges created by COVID-19 outbreak.
The combined net profits of companies listed on QSE had reached QR10.92bn for the first quarter of 2021, showing a growth of 30.74 percent compared to the same quarter in the last year.These companies had also posted good results during the first half of the current year.
According to the QSE data, the combined net profits of companies listed on QSE had reached QR20.5bn for the first half of 2021, showing a growth of 28.31 percent compared to the same period in the last year. The combined net profits of companies listed on QSE had reached QR31.62bn for the year 2020. The companies listed on QSE had posted QR39.36bn cumulative net profits in 2019.
Despite the challenging environment, Qatari companies have managed to deliver profits by optimising their operating cost and taking other prudent measures. Of the total 48 listed companies listed on Qatar Stock Exchange, 13 firms fall in the Banks & Financial Institutions sector.
