Companies listed on the Qatar Exchange registered a marginal decline in their cumulative net profitability in 2012, dragged mainly by precipitous slippages in the realty sector, painting rather a pessimistic picture in an otherwise strong economy.
The bourse witnessed 10 of its listed companies (one less than in the previous year) report more than a billion riyals net profit in 2012.
The 41 total listed companies have reported more than 1% decline in their cumulative net profits against a stupendous 27% growth in the comparable period of 2011. The stock market, overall, had fallen 4.79% year-to-date (YTD) as on December 31, 2012.
Cumulative net profits stood at QR37.87bn in 2012 compared to QR38.43bn in the previous year period. Vodafone Qatar follows April-March format, while others follow January-December system.
Read more: http://www.gulf-times.com/business/191/details/347937/qe-listed-firms-post-slight-fall-in-cumulative-2012-net-profitability
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