Falling prices, falling profits!
By the end of September 2016, revenues dropped by 16.3% to QAR3.437bn vs. QAR4.107bn, a year ago. The net profit amounted to QAR2.725bn compared to QAR3.830bn, a year earlier. We point that the group did not release performances per segment. However, we note that the income from JV (Petrochemicals and fertilizer activities) was sharply down by 43.12% to QAR1.686bn vs. QAR2.965bn, yoy.
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