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Qatar tribune
QNADohaThe combined net profit of all Qatar Stock Exchange listed companies amounted to QR27.19 billion in the first half of 2022 compared to QR21.04 billion for the same period last year, an increase of 29.24 percent. Data issued by the QSE revealed that the telecommunications sector topped the financial results of the listed companies in the first half of 2022.In fact, the telecommunications sector managed to triple its profits rising by 305 percent, to reach QR 1.691 billion, driven by the profits achieved by Ooredoo, amounting to QR 1.474 billion, followed by the industrial sector, which recorded a growth rate of 43.97 percent, reaching to about QR 8.602 billion profits, supported by the results of Industries Qatar standing at QR 5.432 billion.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 QR 1.485 billion thanks to the results achieved by Qatar Gas Transport Company Ltd. (Nakilat), amounting to QR 729.641 million.The real estate sector finished fourth, with a growth of 16.76 percent, to settle the net profit in this sector at the level of QR 987.309 million, driven by the results achieved by Barwa Real Estate Company, whose profits amounted to QR 536,872 million.In turn, the insurance sector followed by a growth rate of 7.48 percent, led by the profits of Qatar Insurance Company (QIC) amounting to QR 393.742 million.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 QR 12.923 billion, benefiting from the results achieved by Qatar National Bank Group (QNB) standing at QR 7.018 billion.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 QR 882.733 million.
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16/08/2022
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