Industries Qatar company posts QR 4.04 billion net profit

Industries Qatar Company disclosed the semi annual financial statements for the period ending June 30, 2012. The reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR 4.04 billion in comparison to QR 4.17 billion for the same period last year, the company said in a statement. The company’s Earning per Share (EPS) amounted to QR 7.34 as of June 30, 2012 versus QR 7.58 for the corresponding period in 2011. Industries Qatar Company (IQ) was incorporated in 2003. IQ Group is owned by Qatar Petroleum (Major Shareholder with 70% stake) and 30% is on Free-Float. Its business portfolio covers petrochemicals, fertilizers, steel, fuel additives and real estates. The IQ Group subsidiaries and joint ventures includes: Qatar Petrochemical Co. Ltd (QAPCO), Qatar Fertilizer Co. S.A.Q. (QAFCO), Qatar Steel Company Q.S.C. (Qatar Steel), Qatar Fuel Additives Co. Ltd Q.S.C. (QAFAC), Fereej Real Estate Company. The Group operates a number of world-class production facilities in Qatar, Bahrain and the United Arab.