DOHA: Industries Qatar (IQ) has recorded a net profit of QR2.54bn for the first quarter of 2013, a 33 percent increase over the first quarter of 2012, and representing an EPS of QR4.21 per share. The company’s total assets reached QR33.38bn during the period. Shares in IQ closed 1 percent higher yesterday, prior to the results being announced.
“With major expansions now complete, significant cost-advantaged volume growth in fertilizers and petrochemicals should allow for decent earnings growth in 2013 even if economic conditions deteriorate,” Reuters quoted QNB Financial Services as saying in a research note issued after the results were announced
The Peninsula
