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Apr 13 2011

Industries Qatar posts QR2.1bn Q1 profit; QIC records QR204.3m

DOHA: Industries Qatar has posted a net profit of QR2.1bn for the three months ended March 31, 2011 compared to QR 1.2bn for the corresponding period in 2010, according to the company's interim financial statement disclosed yesterday.

The earnings per share (EPS) amounted to QR3.81 as of March 31, 2011 compared to QR2.21 in the same period in 2010, a statement posted on Qatar Exchange website said. Meanwhile, the Qatar Insurance Company ( QIC ) reported a net profit of QR204.3m for the three month period ended March 31, 2011 compared to QR216.6m in the corresponding period in 2010. The earnings per share (EPS) amounted to QR2.75 as of March 31, 2011.

© The Peninsula 2011

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