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Posted On: 13 October 2011 08:27 am
Updated On: 12 November 2020 02:11 pm

IQ net profit for nine months rises 54%

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Petrochemicals and metals company Industries Qatar (IQ) said yesterday that its net profit for the nine months that ended on September 30 rose 54% to QR6.25bn ($1.72bn). Earnings per share for the nine-month period rose to QR11.35 from QR7.38 a year earlier, according to Zawya Dow Jones. IQ’s third-quarter net profit leapt 47.9% on strengthening petrochemical prices, according to Reuters. It made a third-quarter net profit of QR2.07bn, according to Reuters calculations, compared with QR1.4bn a year earlier. IQ shares closed at QR125 yesterday before the results were announced.