Home Industry Energy Industries Qatar Q1 Net Profit Falls 40% The company reported a net profit of QAR951 million ($261.2 million) in the first quarter of 2015. by Reuters April 20, 2015 Petrochemicals and metals company Industries Qatar (IQ) posted a 40 per cent drop in first-quarter net profit on Monday, missing analysts’ forecasts. The Middle East’s second-biggest petrochemicals company by market value, behind Saudi Basic Industries (SABIC), reported a net profit of QAR951 million ($261.2 million) for the three months ending March 31, down from QAR1.58 billion a year earlier. Five analysts polled by Reuters on average forecast IQ would make a quarterly net profit of QAR1.11 billion. 0 Comments