DOHA: The combined net profit of 35 listed companies on Qatar bourse touched QR17.6bn in the first half of 2014, reflecting an estimated 13 percent increase in the collective net profit of all the listed companies a year ago.
Of the total 43 listed companies, eight companies are yet to publish their first half results. All 12 companies in the banking and financial sector have announced their results, with the banking major QNB recording the highest net profit of QR5.1bn.
Recording a collective profit of QR9.5bn, up 7 percent year-on-year, the banking and financial services sector is the largest contributor to the collective profit, Al Sharq reported.
In the Industrials sector, six out of nine companies announced the financial results for the first half. The combined profits of these companies touched QR2.1bn. Heavy weight companies in this sector, including Industries Qatar, are expected to announce their results after the Eid holidays.
The market saw heavy profit taking during the past few sessions, after the main index broke the psychological 12,000 points ahead of the earnings season. Market analysts expect an increased trading activity after the Eid holidays.
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