Doha - Mubasher: The unaudited financial statements of Industries Qatar (IQ) showed a growth in profits for the first quarter of 2017 by 33.13 year-on-year, according to a bourse filing.
The company said in a statement to the Qatar Stock Exchange on Tuesday that profits totalled QAR 927.49 million ($254.66 million) in Q1-17 compared to QAR 687.03 million ($191.29 million) in the same quarter last year.
Return on equity (ROE) reached QAR 1.53 per share down from QAR 1.15 per share in Q1-16, as shown by the company’s financial results.
Revenues declined to QAR 1.11 billion in Q1-17 compared to QAR 1.15 billion in the same period in 2016.
