IQ reports QR8.1bn net profit for 2021 – The Peninsula

IQ reports QR8.1bn net profit for 2021 – The Peninsula

Doha: Industries Qatar (IQ or the Group), yesterday reported a net profit of QR8.1bn for the financial year ended 31 December 2021, representing an increase of 321 percent compared to last year. 

Commenting on the Group’s financial and operational performance for the year, Chairman of the Board of Directors, H E Eng. Saad Sherida Al Kaabi, said: “2021 was an exceptional year where the Group has strongly risen from last year’s challenges. During this year, we captured the benefits of a solid commodity price environment, underpinned by renewed product demand. As we report a very strong performance for 2021, I would like to thank the Board of directors, Chief executive officers, senior management and all the employees of Qapco, Qafac, Qafco and Qatar Steel without whom we would not have achieved these excellent results.”