MPHC posts 7-fold rise in net profit to QR909mn ...Qatar

Mesaieed Petrochemical Holding Company (MPHC) has reported about seven-fold year-on-year growth in net profit to QR909mn in the first six months (H1) of this year. The group revenue almost doubled year-on-year to QR1.9bn (assuming proportionate consolidation). "The main highlight of MPHC’s performance was a sequential macroeconomic recovery which led to a solid demand relating to basket of our products coupled with supply constraints, and resulted in an improved set of financial results," Ahmad Saif al-Sulaiti, chairman of MHPC said. The economic momentum carried from the latter part of last year, on the back of satisfactory vaccination drive and easing out of geographical lockdowns in m

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