in this issue
World News and Views :: Top of the News
Industries Qatar beats analysts' expectations with third-quarter earnings
11:55 AM MDT | October 25, 2012 | Natasha Alperowicz
Industries Qatar (IQ; Doha) reported a 23% increase in third-quarter net income, to QR2.6 billion ($719 million), well above consensus estimates of QR2.1 billion. Earnings were among the highest in the company’s history. Consolidated revenue, at QR5.2 billion, was up 18% year-on-year and 9% quarter-on-quarter, driven by contributions from fertilizer unit Qafco-5 and the startup of Qafco-6. Ammonia witnessed very strong pricing momentum in the third quarter, says Hassan Ahmed, an analyst with Alembic Global Advisors (New York). IQ is the Gulf's...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee