Mesaieed Petrochemical Holding Company has reported a net profit of QR1.38bn with joint ventures chipping in QR1.29bn, or more than 93%, during January-September this year.
Of the QR1.29bn profit from the joint ventures, Q-Chem I contributed QR445.64mn, Q-Chem II QR799.85mn and Qatar Vinyl Company QR41.96mn, according to its financial statement. The group revenue stood at QR3.38bn with Q-Chem I constituting QR1.23bn, Q-Chem II QR1.56bn and Qatar Vinyl Company QR591.53mn.
The group’s net other income was QR4.24mn and there was a tax refund of QR94.89mn. However, general and administrative expenses stood at QR9.67mn.
Total assets were valued at QR14.19bn, comprising current assets of QR1.07bn and non-current assets of QR13.12bn.
Total equity stood at QR14.13bn on a capital base of QR12.56bn and earnings-per-share was QR1.1 at the end of September 30, 2014.