Q3 15: worse than our already low expectations
For the first nine months of this year, IQ posted a net profit of QAR3.83bn, down 18.84% compared to the same period a year ago. Revenues, recorded till 30 September, amounted to QAR4.107bn, down 12.12% y-o-y. The production utilization reached 104.7% vs. 98.4% in 2014, as the Group benefited by a comparatively lower number of maintenance days in the current year since most of the group’s production facilities completed their planned and warranty maintenance shutdown in 2014.
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