Industries Qatar Profit Misses Estimates Amid Plant Shutdowns
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Industries Qatar QSC, the Persian Gulf nation’s biggest petrochemicals company, posted a bigger-than-expected 38 percent drop in first-quarter profit.
Net income fell to 1.59 billion riyals ($420 million) from 2.55 billion riyals a year earlier, according to an e-mailed statement from the company. The mean estimate of six analysts surveyed by Bloomberg was for a profit of 1.81 billion riyals, data compiled by Bloomberg show.