Doha: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the six month period ended June 30, 2022. The results show a 29.24 percent increase in the net profits of the QSE listed companies to QR27.19bn during the first half of 2022 from QR21.04bn for the same period last year.
Data issued by the QSE yesterday revealed that the telecommunications sector topped the financial results of the listed companies in the first half of the year.
In fact, the telecommunications sector managed to triple its profits rising by 305 percent, to reach QR1.691bn, driven by the profits achieved by Ooredoo, amounting to QR1.474bn, followed by the industrial sector, which recorded a growth rate of 43.97 percent, reaching to about QR8.602bn profits, supported by the results of Industries Qatar standing at QR5.432bn.
Moreover, the same figures also indicated that the transportation sector ranked third in terms of net profits in the first half of 2022, with a growth rate of 25.74 percent, reaching QR1.485bn thanks to the results achieved by Qatar Gas Transport Company (Nakilat), amounting to QR729.641m.
The real estate sector finished fourth, with a growth of 16.76 percent, and net profit of QR987.309m, driven by the results achieved by Barwa Real Estate Company, whose profits reached QR536.872m.
In turn, the insurance sector showed a growth rate of 7.48 percent, led by the profits of Qatar Insurance Company (QIC) amounting to QR393.742m.
In addition, the growth rate of net profits in the banking and financial services sector, on the other hand, hit 4.54 percent in the first half of 2022 to reach QR12.923bn, benefiting from the results achieved by Qatar National Bank Group (QNB) standing at QR7.018bn.
In contrast, the net profit of the services and consumer goods sector declined by 4.09 percent in the first half of 2022 to reach QR882.733m.
All of the financial statements of listed companies are available on the QSE website, according to QSE. The QSE management wishes to thank all the listed companies for their cooperation in promoting the principle of disclosure and transparency.
