All of Qatar Stock Exchange listed companies have disclosed their financial results for the six month period ended June 30, 2022.
The results show a net profit of QR27.19bn compared to QR21.04bn for the same period last year, amounting to an increase of 29.24%. All of the financial statements of listed companies are available on the QSE website, according to QSE.
The QSE management expressed its gratitude to all the listed companies for their co-operation in promoting the principle of disclosure and transparency.
Telecommunications sector: Data issued by the Qatar Stock Exchange yesterday 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%, 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%, reaching to about QR8.602bn profits, supported by the results of Industries Qatar (QPSC) 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%, reaching QR 1.485bn thanks to the results achieved by Qatar Gas Transport Company Ltd (Nakilat), amounting to QR729.641mn.
The real estate sector finished fourth, with a growth of 16.76%, to settle the net profit in this sector at the level of QR987.309mn, driven by the results achieved by Barwa Real Estate Company, whose profits amounted to QR536,872mn.
In turn, the insurance sector followed by a growth rate of 7.48%, led by the profits of Qatar Insurance Company (QIC) amounting to QR393.742mn.
In addition, the growth rate of net profits in the banking and financial services sector, on the other hand, hit 4.54% 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% in the first half of 2022 to reach QR882.733mn.
The Qatar Stock Exchange announced yesterday that the net profits of the companies listed in it, jumped by 29.24% in the first half of 2022, to reach QR27.19bn, compared to QR21.04bn in the same period last year.
It is noteworthy that all the financial data of the listed companies are available on the stock exchange's website.
In addition, the Qatar Stock Exchange management commended the efforts of all the departments of the listed companies for their cooperation in promoting the principle of disclosure and transparency.