Notwithstanding the current unjust economic blockade by the Saudi-led quartet, Qatar Inc displayed robust resiliency with the listed companies' cumulative net earnings improving noticeably during the 12-month ended 2018 vis-à-vis a year ago.
Strong earnings expansion, especially in the insurance and industrials sectors, helped the Qatar Stock Exchange-listed entities report cumulative net profit of QR41.23bn with banking and industrials together contributing more than 69% of the total earnings during the review period, said the data collated from the bourse.
The cumulative net profitability grew 7.17% year-on-year, compared to 1.1% the corresponding period of 2017. Of the 46, 45 constituents had announced their results.
The insurance sector, which has five listed companies, reported 24.85% surge in cumulative net profit to QR1.04bn at the end of December 31, 2018, compared to 39.83% plunge in the previous year period. The sector contributed 3% to the overall net profitability of the listed companies.
The industrials sector, which has 10 listed constituents, witnessed 22.68% increase in net profitability to QR9.12bn against 5.99% increase in the year-ago period. The sector contributed 22% to the overall net profitability of the listed companies.
The transport sector, which has three listed companies, recorded 7.36% expansion in cumulative net profit to QR1.64bn during 2018 compared to a huge 18.16% plunge in the corresponding period of 2017. The sector contributed 4% to the overall net profitability.
The banks and financial services sector, which has 13 listed constituents, reported 8.39% rise in cumulative net profit to QR22.83bn compared to 6.6% growth in the comparable period of 2017. The sector comprised 55% of the total cumulative net profit at the end of December 31, 2018.
The consumer goods sector, which has nine listed entities, witnessed 6% jump year-on-year in cumulative net profit to QR2.05bn in January-December 2018 compared to a 5.54% decline in the previous year period. The sector contributed 5% to the overall net profitability.
The telecom sector saw its net profit down 1.88% to QR1.68bn during January-December 2018.The sector contributed 4% to overall net profitability of the listed companies in the review period.
However, the realty segment, which has four listed entities, saw steep corrections with net earnings plummeting 27.71% to QR2.87bn durign 2018 compared to a 3.71% decline in the comparable period of 2017. The sector constituted 7% of the overall net profitability at the end of December 31, 2018.
The cumulative net profitability grew 7.17% year-on-year, compared to 1.1% the corresponding period of 2017. Of the 46, 45 constituents had announced their results.
The insurance sector, which has five listed companies, reported 24.85% surge in cumulative net profit to QR1.04bn at the end of December 31, 2018, compared to 39.83% plunge in the previous year period. The sector contributed 3% to the overall net profitability of the listed companies.
The industrials sector, which has 10 listed constituents, witnessed 22.68% increase in net profitability to QR9.12bn against 5.99% increase in the year-ago period. The sector contributed 22% to the overall net profitability of the listed companies.
The transport sector, which has three listed companies, recorded 7.36% expansion in cumulative net profit to QR1.64bn during 2018 compared to a huge 18.16% plunge in the corresponding period of 2017. The sector contributed 4% to the overall net profitability.
The banks and financial services sector, which has 13 listed constituents, reported 8.39% rise in cumulative net profit to QR22.83bn compared to 6.6% growth in the comparable period of 2017. The sector comprised 55% of the total cumulative net profit at the end of December 31, 2018.
The consumer goods sector, which has nine listed entities, witnessed 6% jump year-on-year in cumulative net profit to QR2.05bn in January-December 2018 compared to a 5.54% decline in the previous year period. The sector contributed 5% to the overall net profitability.
The telecom sector saw its net profit down 1.88% to QR1.68bn during January-December 2018.The sector contributed 4% to overall net profitability of the listed companies in the review period.
However, the realty segment, which has four listed entities, saw steep corrections with net earnings plummeting 27.71% to QR2.87bn durign 2018 compared to a 3.71% decline in the comparable period of 2017. The sector constituted 7% of the overall net profitability at the end of December 31, 2018.
