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On 30/06/2016, revenues dropped by 15.84% to QAR2.431bn vs. QAR2.888bn, yoy. Net profit amounted to QAR1.965bn compared to QAR2.423bn, a year earlier. By segment: the steel activity (the group’s main activity)’s net profit increased by 26.33% to QAR674.166m. However, the Fertilizers segment suffered the largest drop as its net profit was sharply down by 93.84% to QAR36.651m. Also, the Petrochemicals ‘net profit dropped by 5.66% to reach QAR1.180bn vs. QAR1251.4bn, a year earlier.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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