Industries Qatar decline despite higher quarterly profit

12 April 2011

The Doha-based QE Index lost 0.71%, closing at 8,771.80 points. Shares of Industries Qatar dipped 0.69%, finishing at QR143.60. Earlier in the day, Qatar Industries reported for the first quarter a net profit of QR2.1bn in comparison to QR1.2bnfor the corresponding period in 2010. Earnings per share (EPS) amounted to QR3.81 as of March 31 2011 versus QR2.21 of the same period in 2010.

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