Qurain Petrochemical Industries Company posts a net profit of KD3.35 million ($11.09 million) for the first half of 2021-22 ended September 30, 2021.
19 November 2021, 12:00 AM
30 November 2021, 12:00 AM
QPIC - Qurain Petrochemical Industries Company K.S.C.P. - announced today a net profit of KD 3.35 million (US$ 11.09 million) for the first half of the financial year 2021-22 ended 30 September 2021, compared to KD 6.58 million (US$ 21.79 million) for the same period last year.
Earnings per share (EPS) for the first half year stood at 3.27 fils compared to 6.44 fils during the same period last year.
Equate Group, of which QPIC is a shareholder, net profits increased to $543 million versus $124 million in the first half of 2021, enabled by the excellent recovery of its core products.
Total consolidated assets as on September 30, 2021 stood at KD772.05 million compared to KD759.39 million reported at the end of the previous financial year (March 31, 2021), showing a marginal increase mainly due to acquisition of Advanced Technology Company (ATC).