The Qatar Stock Exchange saw the telecom and transport sectors exhibit strong earnings as the listed companies cumulatively reported net profit of QR23.8bn in the first nine months of this year.
Gulf International Services (GIS) – one of the largest diversified service groups in Qatar with interests in drilling, insurance, helicopter transportation and catering services – has reported a 41% year-on-year surge in net profit to QR49mn in the first nine months ended September 30, 2020.
Qatar has remained resilient through the Covid-19 pandemic, due to its strong leadership and the Government’s economic stimulus measures and Commercial Bank is implementing these measures in support of it customers and the Government, says Commercial Bank chairman Sheikh Abdulla bin Ali bin Jabor al
Qatar Aluminium Manufacturing Company (Qamco), a 50% joint venture (JV) partner in a smelter that produces premium quality aluminium products, has reported net profit of QR12.3mn, translating into earnings per share (EPS) of QR0.002 in the first nine months (9M) of 2020.
Earnings per share for review period stood at QR4.15 compared to QR2.66 in the corresponding period of 2017.
Commercial Bank has an excellent start to the year and continued with the execution of its five-year strategic plan.
The Australian carrier's result came in at A$607mn (US$473mn), with a strong performance from its domestic arm boosting the bottom line.
Robust buying in real estate and industrials counters on Wednesday extended the bullish run on the Qatar Stock Exchange for the fourth straight session and its key index surpassed 8,300 levels.
Indian conglomerate Reliance Industries exceeded estimates on Monday to post a 12.8% rise in its fourth-quarter net profit, boosted by higher margins from its core business of oil refining.