Better-than-expected Q2 2015, but tough context still around
After a disappointing beginning of the year, Industries Qatar recorded commendable financial results during Q2 2015 after sales volumes had improved substantially (+17.1% compared to the same period a year ago). In fact, the company announced that it was able to sell more petrochemicals (a joint-venture) and steel (the Group's main activity) during the second three months of the year. The group also reported a strong net profit rise of 17.46% as most of the group's production facilities were on extensive planned and warranty maintenance shutdown during last year.
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