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Regions :: Middle East
Shutdowns and lower fertilizer prices reduce earnings at Industries Qatar
8:59 AM MDT | August 12, 2014 | Natasha Alperowicz
Industries Qatar (IQ; Doha), a listed firm that controls some of the country’s major petrochemical, fertilizer, and steel manufacturing companies, reports a decline in earnings as the group continued with major shutdown programs, including warranty shutdowns, at its manufacturing facilities during the first half of the year. Mohammed bin Saleh Al Sada, minister of energy and industry and chairman and managing director of IQ, says, “Industries Qatar closed the second quarter of 2014 with net profit of 1.2 billion Qatari riyals [($329.6 million)], a...
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