Industries Qatar Q1 net profit surges 71%, sales jump 47.6%

13 April 2011 09:06  [Source: ICIS news]

SINGAPORE (ICIS)--Petrochemicals and metals firm Industries Qatar posted a 71% year-on-year increase in its first-quarter net profit to Qatari riyal (QR) 2.09bn ($574m), as sales surged, the company said late on Tuesday.

Revenue in the first quarter jumped 47.6% year on year to QR4bn, the company said in a release on the Qatar Exchange.

At 10:50 hours Qatar time (07:50 GMT) on Wednesday, Industries Qatar's shares were up 2.72% at QR147.40 on the bourse

($1 = QR3.64)

By: Nurluqman Suratman

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