Industries Qatar Q3 net income surges to $703m
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Industries Qatar Q3 net income surges to $703m

Industries Qatar Q3 net income surges to $703m

Petrochemicals and metals company, Industries Qatar has said its third-quarter net profit jumped 23.7%, beating average analysts' forecasts, Reuters has reported. The Gulf's second-largest chemical producer by market value behind Saudi Basic Industries (Sabic) made a net profit of QR2.56bn ($703.2m) for the quarter, compared with QR2.07bn a year earlier. Analysts expected the company to post quarterly profit of QR2.2bn.

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