Business
Industries Qatar Q P S C : posts a net profit of QR 1.0 billion for the three-month period ended 31 March 2025
Industries Qatar Q P S C : posts a net profit of QR 1.0 billion for the three-month period ended 31 March
About this update from Industries Of Qatar Co.
[{"type":"text","content":"\n \n FOR IMMEDIATE RELEASE\n \n \n \n Industries Qatar posts a net profit of QR 1.0 billion for the three-month period ended 31 March 2025\n \n \n Earnings per share (EPS) of QR 0.16 for 1Q-25 compared to QR 0.21 for 1Q-24.\n \n \n 1Q-25 results impacted due to lower volumes amid general recovery in product prices.\n \n \n Group operations continued to remain robust amid maintenance shutdown within polyethylene and fertilizer facilities, with average reliability factor remained around 98%.\n \n \n Group's liquidity continues to remain robust with a total cash and bank balances of QR 9.2 billion, after paying H2-2024 dividend of QR 2.6 billion.\n \n \n QAFAC's Joint Venture Agreement (CJVA) expired on 9 June 2024. Following the expiry IQ continues to hold its 50%. After the completion of necessary legal formalities, the remaining 50% that was previously held by other shareholders was acquired by QatarEnergy.\n \n \n \n Doha, Qatar; 30 April 2025: Industries Qatar (\"IQ\" or \"the Group\"; QE Ticker: IQCD), today reported a net profit of QR 1.0 billion for the three-month period ended 31 March 2025, representing a moderate decline compared to 1Q-24.\n Updates on macroeconomic environment\n \n \n Macroeconomic environment presented a mix bag of economic signal during the first quarter of 2025 after stabilizing mostly through 2024. Global GDP growth remained positive to moderate while inflation also continue to remain somewhat moderate, and above target levels established by many Central Banks. Despite uncertainties and geopolitical tensions continues to prevail economies across US, Eurozone, and the Emerging Markets grew on the backdrop of strong private consumptions and investments. The concerns over renewed potential tariffs on imports to the USA added additional layer of uncertainty to the global macroeconomic environment. From a regional point of view, continuing geo-political instability including the ongoing Red Sea conflicts, export restrictions on certain commodities like Urea, lower production in some of the larger production facilities have largely affected the supply-chain and consequently broadly offset the demand-supply effects.\n \n \n \n Petrochemical segment experienced notable fluctuations during Q1-2025. Several factors impacted fluctuating petrochemical demand and supply, and thereby its prices. A general declin...