Thursday February 25, 2021 25 February 2021

STOCK REVIEW

Industries Qatar (QE:IQCD), Qatar's largest Chemicals company by market cap, has increased 21.0 Dirham (1.8%) from its previous trading session to close at QAR11.62. Compared with the QE Index which rose 171.9 points (1.7%) in the day, the relative price increase was 0.1%.

The 200-day Moving Average Price (MAP) is QAR10.19, up from QAR10.16 on Wednesday. The price to MAP ratio is 1.14. In the last 3 months the share price has exceeded MAP on 62/62 days; a bullish signal.

There were 2,034,103 shares worth QAR23.6 million ($6.5 million) traded today. Thursday's price rise was propped up by robust volume of 1.6 times the average daily volume of 1.3 million shares.

IQCD Stock Dashboard [traded in Qatari Riyal, QAR]

CurrencyUSD 1 = QAR 3.64 52-Week Range (In QAR)6.39 - 12.55
Feb 25 closeQAR11.62SectorChemicals
P/E (FY2019)27Market CapQAR70.3 billion [$19.3 billion]
Dividend Yield (TTM)3.4%EPS (FY2019)43 Dirham
EPS Growth % (Q3 2020 vs Q3 2019)-52.9DPS (TTM)60 Dirham
Ave Daily Volume1,285,403 sharesShares Outstanding6,050,000,000

IQCD Financials Summary: EPS down 48.2% to 43.0 Dirham in FY2019

+ Net profit was down 48.8% from $1.4 billion in FY2018 to $707.3 million in FY2019.

+ Earnings Per Share (EPS) was down 48.2% from 83.0 Dirham in FY2018 to 43.0 Dirham in FY2019.

Year ended DecFY2019FY2018FY2017
Sales ($ B)1.41.61.3
Net ($)707.3M1.4B910.8M
EPS (QAR)0.430.830.548

DATA & ARCHIVE DOWNLOAD CENTER

IQCD: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q3/2020]:

+ PEER COMPARISON - STOCK IN INDICES

IQCD: LINKS IN HTML TO FURTHER INFORMATION:

+ NEWS ARCHIVES - IQCD PAST 3 YEARS IN HTML:

+ PRICE VOLUME CHARTS IN HTML

INDEX

SECTION 1 RECENT NEWS

SECTION 2 CORPORATE PROFILE AND INDEPENDENT RATINGS

SECTION 3 TOP SHAREHOLDERS

SECTION 4 TODAY'S BULLISH SIGNALS

SECTION 5 ONGOING BULLISH PARAMETERS

SECTION 6 TODAY'S BEARISH SIGNALS

SECTION 7 ONGOING BEARISH PARAMETERS

SECTION 8 BOARD OF DIRECTORS

SECTION 9 DIVIDEND

SECTION 10 FINANCIALS Q3 2020, FY 2019, PAST 10 YEARS

SECTION 11 PEER GROUP ANALYSIS & RANKING

SECTION 12 NEWS ARCHIVES (FEB 2017 - OCT 2020)

GLOSSARY

SECTION 1 RECENT NEWS

1.1 Financial News

Quarterly Report (Q3/2020):

November 06, 2020

Quarterly Report Analysis Q3 2020: Industries Qatar reports Net Profit of QAR951,297 ($261,345)

Industries Qatar (QE:IQCD) announced net profit for the quarter-ended 30 September 2020 [Q3/2020] of QAR951,297 ($261,345).

Quarterly Report

Read more in SECTION 10 FINANCIALS Q3 2020, FY 2019, PAST 10 YEARS on Financials

1.2 Meetings

February 12: Industries Qatar : Holds it's AGM on 01/03/2021 for 2021

Industries Qatar announces that the General Assembly Meeting AGM will be held on 01/03/2021, electronically using Zoom and 03:30 PM. In case of not completing the legal quorum, the second meeting will be held on 02/03/2021, electronically using Zoom and 03:30 PM

Source: mubasher.info

1.3 Press Releases

January 22: Events Calendar: Industries Qatar holds it's investors relation conference call on 15/02/2021 to discuss the financial results

Industries Qatar announces that the conference call with the Investors to discuss the financial results for the Annual 2020 will be held on 15/02/2021 at 01:30 PM, Doha Time.

Source: mubasher.info

SECTION 2 CORPORATE PROFILE AND INDEPENDENT RATINGS

2.1 Activities

Industries Qatar is a joint stock company, which acts as a holding company with operations in the State of Qatar and the Jebel Ali Free Zone in the United Arab Emirates. Its subsidiaries and joint ventures include Qatar Steel , which manufactures steel billets and reinforcing bars; Qatar Steel Dubai Steel FZE, which is a United Arab Emirates-based steel manufacturer; Qatar Petrochemical Company Limited Q.S.C. , a producer and seller of ethylene, polyethylene, hexane and other related products; Qatofin Company Limited, a producer of linear low-density polyethylene; Qatar Fertilizer Company , a producer and seller of ammonia and urea, and Qatar Fuel Additives , which is engaged in the production and export of methyl tertiary-butyl-ether and methanol.

2.2 Independent Ratings

+ Forbes 2000:

Industries Qatar is the 1815th largest by revenue in the Forbes Global 2000.

2.3 Contact Details

Websitehttp://www.industriesqatar.com.qa
Physical AddressDoha, Qatar 3212
Phone(+974) 4308681/ 4308673/ 4308684
Fax(+974) 4308628
Emailiq@qp.com.qa

2.4 Industry & Sector

Classification LevelName of Sector
Industry GroupChemicals
Economic SectorBasic Materials
Business SectorChemicals

SECTION 3 TOP SHAREHOLDERS

Top 6 shareholders

Name of the Share Holder% of Capital
Qatar Petroleum Co51.0
General Authority for Retirement and Social Insurance16.1
General Retirement and Social Insurance - Military Pension Fund4.9
Qatar Investment Authority2.2
Mohamed Nasser Mubarak Al Hajri0.001
Abdul Rahman Mohamed Al Suwaidi0.0002

% held by Top 6 shareholders 74.2%

SECTION 4 TODAY'S BULLISH SIGNALS

4.1 Rank in the top 21% by Relative Valuation in the Qatar market

DescriptionValueRank
Earnings Yield %3.7In Top 21%

4.2 Uptrend

Price/Moving Average Price of 1.14 and positive MACD:

- The price to 200-day MAP ratio is 1.14, a bullish indicator. In the past 200 days this ratio has exceeded 1.14, 66 times suggesting further upside. The 50-day MAP of QAR11.65 is higher than the 200-day MAP of QAR10.19, a bullish indicator. The 200-day MAP has increased to QAR10.19. An increase is another bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 11.9 minus the 26-day EMA of 11.88 is positive, suggesting a bullish signal.

Past Quarter:

- In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

Relative Strength (6 months) 73 percentile:

- The stock has a 6-month relative strength of 73 in the Qatar market of 45 stocks indicating it has outperformed 73% of the market.

4.3 Undervaluation

Dividend Yield:

Industries Qatar stock is the thirteenth highest dividend yielding stock in the QE Index.

Dividend Yield > Bond Yield of 2.09%:

The dividend yield of 3.44% is 1.65 times the triple-A bond yield of 2.09%. The times factor of 1.65 is above the benchmark factor of 0.67 times set by Benjamin Graham.

(All figures in %)

Dividend Yield3.44
Bond Yield2.09
Spread1.35

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2. Compared with the rest of the market the stock is undervalued.

- The company is cash rich with Cash to Market Capitalisation at 15.7%.

SECTION 5 ONGOING BULLISH PARAMETERS

5.1 Rank in the top 13% by Size in the Qatar market

DescriptionValueRank
MCap$19.3 billionIn Top 5%
Annual RevenueQAR5.1 billion ($1.4 billion)In Top 13%

5.2 Rank in the top 20% by Productivity in the Qatar market

DescriptionValueRank
Return on Assets [ROA] %7.2In Top 20%

5.3 Present Value of QAR1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVQAR1000 > 1,083

PVQAR1,0003 mo ago1 yr ago3 yrs ago
IQCD.QEQAR1,084QAR1,457QAR1,443
Chemicals sectorQAR1,084QAR1,326QAR1,228
QE IndexQAR993QAR1,048QAR1,120

5.4 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 8.3

3-Year price change of 24% for Industries Qatar outperformed the change of 11.7% in the QE index for a relative price change of 12.3%.

Price Change %QuarterYear3 Years
Industries Qatar8.43924
Chemicals sector8.429.223.4
QE index-13.711.7

5.5 Moving Annual Return of 43.8% in the past year:

Moving Annual Return was 43.8% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 14.1%. The Moving Annual Return has been positive in 3 of the last 5 years.

IQCDClose (QAR)Dividends (QAR)Capital Gain / (Loss) %% YieldAnnual Return %
Feb 2511.620.4394.843.8
1 Yr ago8.360.6(31.5)4.9(26.5)
2 Yrs ago12.20.530.15.335.5
3 Yrs ago9.370.4(7.5)3.9(3.6)
4 Yrs ago10.140.515.85.721.5

Close 5 years ago QAR8.75

Prices are adjusted for a share split. On June 26, 2019 shareholders received 10 shares for every 1 share held prior to that date.

5.6 MCap: 5-Year Increase of QAR4 billion [$1 billion]

In the past 5 years Market Capitalization has increased by QAR4.1 billion (6%) from QAR66.2 billion to QAR70.3 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 2 out of 5 years.

PriceMCap (QAR B)MCap ($ B)
LastQAR11.6270.319.3
1 Year agoQAR8.365314.6
2 Years agoQAR12.2081.122.3
3 Years agoQAR9.3765.418
4 Years agoQAR10.1473.220.1
5 Years agoQAR8.7566.218.2

5.7 Created Market Value [CMV] past 12 yrs of QAR8.5 billion ($2.3 billion)

- Market Capitalization has increased by QAR30.7 billion from QAR39.6 billion to QAR70.3 billion in the last 12 years. This increase comprises cumulative retained earnings (RETE) of QAR22.2 billion and Created Market Value of QAR8.5 billion. The Created Market Value multiple, defined by the change in MCap for every QAR1 of retained earnings is QAR1.38.

5.8 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 6.4%

TSR %1 yr3 yrs5 yrs10 yrs
IQCD.QE45.712.911.26.5

5.9 Increased Volume, up 776% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has increased 776.0% to 1.3 million shares.

Avg. Daily Volume Traded 12 months ended Feb 25, million shares

YearADVT
20211.3
20200.6
20190.13
20180.11
20170.15

5.10 Satisfies two criteria of Benjamin Graham

- "A dividend yield of at least two-thirds the triple-A bond yield"; the stock's dividend yield is 1.6 times the triple-A bond yield of 2.1%.

-"Total debt less than tangible book value"; total debt of QAR200.8 million (US$55.2 million) is less than tangible book value of QAR34.1 billion (US$9.4 billion).-"Current ratio of two or more"; current assets are 11.2 times current liabilities.

SECTION 6 TODAY'S BEARISH SIGNALS

6.1 Momentum Down 5.5% Past Week

The price ranged between a low of QAR11.41 on Feb 24 and a high of QAR12.21 on Feb 18.

FebIndustries QatarClose price [QAR]Price change %Relative change % *Comment
Thu 18In top 1% performers of QE Index12.211.11.4Week-high of 12.21; Top Rise
Sun 21Decreases on slipping relative strength12.1-0.9-0.3Price fall on falling relative strength
Mon 22Falls for a second consecutive day, a two-day fall of 1.7%12-0.80.6Price fall on falling relative strength
Tue 23In bottom 1% performers of QE Index11.74-2.2-2.1Price fall on falling relative strength
Wed 24Offers 13th highest dividend yield in QE Index, after price drop11.41-2.8-1.5Week-low of 11.41; Steepest Fall

* Relative change is price change of stock with respect to Benchmark Index, QE index.

6.2 Rank in the bottom 15% by Relative Valuation in the Qatar market

DescriptionValueRank
Price to Sales13.8In Bottom 15%
Price/Earnings27In Bottom 13%
P/E * P/NTA55.66In Bottom 11%

6.3 Rank in the bottom 14% by Price Performance in the Qatar market

DescriptionValueRank
1-week Price Change %-4.8In Bottom 14%

6.4 Overvaluation

Earnings Yield of 3.7% < Qatar ave of 8.2% > Bond Yield of 2.1%:

- Earnings yield of 3.7% is less than the Qatar average earning yield of 8.2%.

- The earnings yield of 3.7% is 1.8 times the 10-year bond yield of 2.1%.

(All figures in %)

Earnings Yield3.7
Qatar avg8.2
Dividend Yield3.4
Bond Yield2.1

SECTION 7 ONGOING BEARISH PARAMETERS

7.1 EPS growth [FY2019 vs FY2018] of -48.2%:

FYEPS ( Dirham)Growth %
201943.0-48.2
201883.051.5

7.2 % Growth in EPS & RPS

EPS growth: PCP EPS growth (Q3 2020 vs Q3 2019) was down 52.9%. FY EPS growth (FY2019 vs FY2018) was down 48.2%.

RPS growth: PCP growth in Revenue per share (Q3 2020 vs Q3 2019) was up 42.9%. FY growth in Revenue per share (FY2019 vs FY2018) was down 12.0%.

(All figures in %)

PCP growth in EPS (Q3 2020 vs Q3 2019)-52.9
PCP growth in RPS (Q3 2020 vs Q3 2019)42.9
FY growth in EPS (FY2019 vs FY2018)-48.2
FY growth in RPS (FY2019 vs FY2018)-12.0

7.3 Declining VWAP

In the past five years Volume Weighted Average Price (VWAP) has decreased by 0.4% to QAR9.07. Based on a dynamic start date of five years ago, there have been declines in VWAP in 2 out of 5 years.

Past five years, 12 months ended Feb 25 (QAR)

YearHigh PriceVWAPLow Price
202112.559.076.39
202012.4710.648.12
201913.5610.868.38
201810.148.797.37
201710.229.117.92

7.4 Declining share turnover, down 29% in 5 years

In the past five years, average daily share turnover has decreased 29.3% to QAR9.1 million ($2.5 million). This suggests decreased liquidity.

Past five years, 12 months ended Feb 25 (QAR million)

YearAverage Daily Turnover
20219.1
202010.1
201914.3
201810.0
201712.9

7.5 Revenue and EPS:

- Revenue growth and Earnings per share growth have shown signs of deterioration in recent years. [compared with previous year, all figures in %]

FYRevenue GrowthEPS Growth
2019-12-48
20182551

7.6 Satisfies 4 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Improvement in current ratio from 10.4 to 11.2.

- Total shares on issue unchanged.

SECTION 8 BOARD OF DIRECTORS

8.1 Board and Management

NameDesignationSince Appointment
Saad Sherida al-KaabiChairman7 Yrs

8.2 Profiles

Saad Sherida al-Kaabi

Chairman

As per the Emiri Decree Number (66) of 2014, Engineer/ Saad Sherida Al-Kaabi was appointed as the Managing Director of Qatar Petroleum responsible for the management of the entire company.

Mr. Al-Kaabi joined Qatar Petroleum in 1986 as a student studying Petroleum & Natural Gas Engineering at Pennsylvania State University (PENN STATE) in the USA. In 1991 he graduated with a Bachelor of Science (BSC) degree in Petroleum & Natural Gas Engineering.

Immediately after graduation, he joined Qatar Petroleum's Reservoir & Field Development Department where he progressed through various petroleum engineering, technical, commercial and supervisory positions. He then became the Manager of Gas Development responsible for North Field management and development where he and his team played a key role in the rapid launch of many mega gas projects based on the most up-to-date technologies, which were implemented in record time making a major contribution towards Qatar's rapid rise to becoming the LNG and GTL capital of the world; as well as, several large Gas pipeline projects domestically and for export.

From 2006 until this appointment, Mr. Al-Kaabi was Director of the Oil & Gas Ventures Directorate where he was overseeing all of Qatar's Oil and Gas fields developments; as well as, all the exploration activities in Qatar.

Shareholder Value:

Creation of shareholder value in Industries Qatar:

Year of appointment: 2014

In the last 5 years the average annualized return to shareholders was 11.2%. The present value of QAR1,000 (PV1000) invested 5 years ago is now QR1,699, a gain of QR328 and dividend reinvested of QR372.

SECTION 9 DIVIDEND

9.1 Dividend History

In the past 4 years, there has been no change in annual dividends of 40.0 Dirham per share.

Ex-div DateValue ( Dirham)Type
02 Mar 202040Cash
Tr 12 Months40
2019 - 202060
2018 - 201950
2017 - 201840

SECTION 10 FINANCIALS Q3 2020, FY 2019, PAST 10 YEARS

10.1 Quarterly Report (Q3/2020): Key Parameters

Industries Qatar reports Net Profit of QAR951,297 ($261,345)

Release Date: November 06, 2020

Industries Qatar (QE:IQCD) announced net profit for the quarter-ended 30 September 2020 [Q3/2020] of QAR951,297 ($261,345).

Quarterly Report

September 302020201920202019Change
DescriptionQAR ('000)QAR ('000)$ ('000)$ ('000)(%)
EBIT1,052.32,036.5289.1559.5Down 48.3
Pre Tax Profit/(Loss)1,052.32,036.5289.1559.5Down 48.3
Profit/(Loss) after Tax951.32,036.5261.3559.5Slumped 53.3
Cash and cash equivalents2,423.61,959.6665.8538.4Up 23.7
Net Assets32,892.434,229.89,036.49,403.8Down 3.9

Per Share figures

September 302020201920202019Change (%)
DescriptionDirham Dirham US c US c
EPS16344.49.3Slumped 52.9

Currency Conversion (September 30, 2020): $1 = QAR3.64

Currency Conversion (September 30, 2019): $1 = QAR3.64

10.2 Financial Results as reported (Q3/2020)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

(In QAR , except shares outstanding)

INCOME STATEMENT AS REPORTED (Q3/2020)

DescriptionQAR QAR
Sep 3020202019Change %
Revenues5,312,7323,717,532Up 42.9
Cost of sales-4,521,726-3,549,063Deterioration 27.4
Gross profit791,006168,469Up 369.5
General and administrative expenses-335,973-105,270Deterioration 219.2
Selling and distribution expenses-32,264-55,196Improved 41.5
Share of results of investments in associates4,23191,371Down 95.4
Share of results of investments in joint ventures624,2541,603,942Down 61.1
Finance costs-25,014-8,801Deterioration 184.2
Fair value gain on business combination1,172,751
Impairment losses on property plant equipment and intangible asset-1,377,894
Other income/expenses - net231,250341,967Down 32.4
Profit before tax1,052,3472,036,482Down 48.3
Income tax-1,447
Profit for the period1,050,9002,036,482Down 48.4
Attributable to
Equity holders of the parent951,2972,036,482Down 53.3
Non-controlling interest99,603
1,050,9002,036,482Down 48.4
Earnings per share
Basic and diluted earnings per share 616.0 Dirham34.0 DirhamDown 52.9
Weighted average number of shares in issue6,050,0006,050,000Steady

BALANCE SHEET AS REPORTED (Q3/2020)

DescriptionQAR QAR
Sep 30, 2020Dec 31, 2019Change %
ASSETS
Non-current assets
Property plant and equipment12,454,5973,336,020Up 273.3
Investments in associates1,469,4631,475,914Down 0.4
Goodwill1,530,126
Investments in joint ventures7,137,99416,732,460Down 57.3
Right-of-use assets343,759134,588Up 155.4
Catalysts91,567
Intangible asset1,877
Total non-current assets23,029,38321,678,982Up 6.2
Current assets
Inventories2,106,7861,851,492Up 13.8
Trade and other receivables1,818,1201,297,246Up 40.2
Financial assets at fair value through profit or loss318,772324,581Down 1.8
Cash and bank balances2,423,6041,959,597Up 23.7
Fixed deposits5,461,1108,758,419Down 37.6
Total current assets12,128,39214,191,335Down 14.5
Total assets35,157,77535,870,317Down 2.0
EQUITY AND LIABILITIES
EQUITY
Share capital6,050,0006,050,000Steady
Legal reserve158,148158,148Steady
Hedging reserve-2,662-4,080Improved 34.8
Other reserve6,0576,057Steady
Retained earnings26,661,90528,019,701Down 4.8
Equity attributable to equity holders of the parent32,873,44834,229,826Down 4.0
Non-controlling interest18,962
Total equity32,892,41034,229,826Down 3.9
LIABILITIES
Non-current liabilities
Lease liabilities433,607167,778Up 158.4
Employees' end of service benefits418,297200,684Up 108.4
Total non-current liabilities851,904368,462Up 131.2
Current liabilities
Lease liabilities86,98433,026Up 163.4
Trade and other payables1,314,6171,239,003Up 6.1
Employees' end of service benefits10,536
Income tax payable1,324
Total current liabilities1,413,4611,272,029Up 11.1
Total liabilities2,265,3651,640,491Up 38.1
Total equity and liabilities35,157,77535,870,317Down 2.0

CASH FLOW AS REPORTED (Q3/2020)

DescriptionQAR QAR
Sep 3020202019Change %
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax1,052,3472,036,482Down 48.3
Adjustments for
Depreciation and amortisation of catalyst900,925181,448Up 396.5
Amortisation of right-of-use assets49,13624,335Up 101.9
Provision for employees' end of service benefits53,45428,791Up 85.7
Fair value gain on business combination-1,172,751
Impairment losses on property plant equipment and intangible assets1,377,894
Adjustment to reversal of investment impairment in an associate10,000
Share of results of investments in associates-4,231-91,371Improved 95.4
Share of results of investments in joint ventures-624,254-1,603,942Improved 61.1
Loss on disposal of property plant and equipment15212,289Down 98.8
Finance costs25,0148,801Up 184.2
Interest income-208,990-276,944Improved 24.5
Provision for obsolete and slow moving inventories22,604
Fair value (gain) /loss on financial assets at fair value through profit or loss-9,40241,340Deterioration
Gain sale of financial assets at fair value through profit or loss-3,501
Dividends received from financial assets at fair value through profit or loss-16,096-15,455Deterioration 4.1
Cash flow from operating activities before changes in working capital1,452,301345,774Up 320.0
Movements in working capital
Inventories496,362-340,441Recovery
Trade and other receivables520,34130,647Up 1,597.9
Trade and other payables-328,115-278,355Deterioration 17.9
Cash generated from/(used in)operating activities2,140,889-242,375Recovery
Payments of employees' end of service benefits-120,495-27,809Deterioration 333.3
Income tax paid-111,696
Payment of contribution to social and sports fund-59,572-124,919Improved 52.3
Net cash generated from/(used in) operating activities1,849,126-395,103Recovery
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property plant and equipment and catalysts-166,491-123,865Deterioration 34.4
Movement in fixed deposits3,297,30988,774Up 3,614.3
Acquisition of non-controlling interest-3,640,000
Proceeds from disposal of property plant and equipment175Up 240.0
Proceeds from disposal of financial assets at fair value through profit or loss18,711
Dividends received from financial assets at fair value through profit or loss16,09615,455Up 4.1
Dividends received from joint ventures156,8272,155,926Down 92.7
Dividends received from an associate2,1003,500Down 40.0
Interest income received170,741302,463Down 43.5
Receipt of loan given to investment accounted for using the equity method98,321
Net cash addition from business combination1,223,752
Net cash generated by investing activities1,079,0622,540,579Down 57.5
CASH FLOWS FROM FINANCING ACTIVITIES
Finance charges paid-22,097-8,801Deterioration 151.1
Payment of lease liability-32,416-24,827Deterioration 30.6
Movement in unclaimed dividend bank accounts-10,333-438Deterioration 2,259.1
Dividends paid-2,409,667-3,629,562Improved 33.6
Net cash used in financing activities-2,474,513-3,663,628Improved 32.5
Net increase/(decrease) in cash and cash equivalents453,675-1,518,152Recovery
Cash and cash equivalents at January 11,838,3171,883,715Down 2.4
Cash and cash equivalents at September 302,291,992365,563Up 527.0

10.3 Annual Report (FY 2019): Key Parameters

Industries Qatar profits hit by 48.8% fall

Release Date: February 19, 2020

Industries Qatar (QE:IQCD) reported net profit for the year-ended 31 December 2019 [FY2019] of QAR2.6b ($US707m), down 48.8% from QAR5.0b ($US1.4b) in the previous year [FY2018]. Earnings per share (EPS) were down 48.2% from 83.0Dirham (US22.8c) in FY2018 to 43.0Dirham (US11.81c) in FY2019.

Major changes compared with previous year (FY2019 vs FY2018):

Favourable Changes:

- Current ratio up 7% from 10.4 to 11.2

- Working capital to total assets up from 35.0% to 36.0%

- Total current assets to Total Assets up from 38.7% to 39.6%

Unfavourable Changes:

- Net profit slumps 48.8% from QAR5.0b ($US1.4b) to QAR2.6b ($US707.3m)

- Total revenue down 12% from QAR5.8b ($US1.6b) to QAR5.1b ($US1.4b)

- Total revenue to total assets down from 0.2 to 0.1

- Cost of Goods Sold to Revenues up from 84.1% to 99.9%

- Sales and marketing expenses to Revenues up from 1.4% to 1.6%

- Long-term investments to Total Assets down from 52% to 50.8%

- Net tangible assets per share down 3.9% from QAR5.87 ($US1.6) to QAR5.64 ($US1.5)

Note:

- Retained earnings to total assets steady at 78.1%

- Total non-current assets to Total Assets down from 61.3% to 60.4%

- Short-term investments to Total Assets up from 24.1% to 25.3%

- Fixed Assets to Total Assets steady at 9.3%

Year-on-year comparison of Performance Ratios [FY2019 vs FY2018]

December 31FY2019FY2018Change (%)
Return on Equity (%)7.514.2Down 47.2
Return on Assets (%)7.213.6Down 47.1
Total debt to net tangible assets (%)0.6 - na
Current Ratio11.210.4Up 7
Common Size Ratios by Assets %
Total non-current assets to Total Assets 60.4 61.3 Down 1.5
Long-term investments to Total Assets 50.8 52.0 Down 2.4
Total current assets to Total Assets 39.6 38.7 Up 2.4
Short-term investments to Total Assets 25.3 24.1 Up 4.8
Fixed Assets to Total Assets 9.3 9.3 Up 0.3
Common Size Ratios by Revenues %
Cost of Goods Sold to Revenues 99.9 84.1 Up 18.8
Administration expenses to Revenues 2.7 2.7 Down 0.4
Sales and marketing expenses to Revenues 1.6 1.4 Up 13.1

Currency Conversion (December 31, 2019): $US1 = QAR3.64

Currency Conversion (December 31, 2018): $US1 = QAR3.64

Five-year record of growth and performance:

In the last 5 years Total Revenue averaged QAR6.3B ($US1.7B) and Net Profit averaged QAR3.7B ($US1B). Compound Annual Growth Rate (CAGR) averaged -14.5% for Total Revenue and -16.5% for Net Profit.

DescriptionAnnual (QAR B)Annual ($US M)5-year Avg (QAR B)5-year Avg ($US B)5-year CAGR %
Total Revenue5.11,4006.31.7(14.5)
Net Profit2.6707.33.71(16.5)

10.4 Financial Results as reported (FY 2019)

RESULTS OF OPERATIONS AND FINANCIAL CONDITION

(In QAR Thousand, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2019)

DescriptionQAR ThousandQAR Thousand
Dec 3120192018Change %
Revenues5,095,8235,791,018Down 12.0
Cost of sales-5,091,571-4,868,058Deterioration 4.6
Gross profit4,252922,960Down 99.5
General and administrative expenses-139,743-157,021Improved 11.0
Selling and distribution expenses-82,606-81,950Deterioration 0.8
Share of net results of investment in joint ventures2,180,7553,877,848Down 43.8
Share of net results of investment in associates75,32832,643Up 130.8
Reversal of impairment losses/ (impairment losses) of investment in associates100,000-49,535Recovery
Income from investments381,302338,498Up 12.6
Finance cost-11,497-1,948Deterioration 490.2
Other income66,822148,321Down 54.9
Profit for the year2,574,6135,029,816Down 48.8
Earnings per share
Basic and diluted earnings per share (QR per share)43.0 Dirham83.0 DirhamDown 48.2
Weighted average number of shares outstanding6,050,000,0006,050,000,000Steady

BALANCE SHEET AS REPORTED (FY 2019)

DescriptionQAR ThousandQAR Thousand
Dec 3120192018Change %
Non-current assets
Property plant and equipment3,336,0203,437,916Down 3.0
Investments in associates1,475,9141,407,089Up 4.9
Investments in joint ventures16,732,46017,885,703Down 6.4
Rights-of-use assets134,588
21,678,98222,730,708Down 4.6
Current assets
Inventories1,851,4921,717,078Up 7.8
Trade and other receivables1,297,2461,669,172Down 22.3
Financial assets at fair value through profit or loss324,581364,027Down 10.8
Cash and bank balances1,959,5972,007,613Down 2.4
Fixed deposits8,758,4198,581,090Up 2.1
14,191,33514,338,980Down 1.0
Total assets35,870,31737,069,688Down 3.2
EQUITY AND LIABILITIES
EQUITY
Share capital6,050,0006,050,000Steady
Legal reserve158,148126,824Up 24.7
Hedging reserve-4,080602Deterioration
Other reserve6,05715,905Down 61.9
Retained earnings28,019,70129,297,132Down 4.4
Total equity34,229,82635,490,463Down 3.6
LIABILITIES
Non-current liabilities
Lease liability167,778
Employees' benefit obligations200,684205,024Down 2.1
368,462205,024Up 79.7
Current liabilities
Trade and other payables1,239,0031,374,201Down 9.8
Lease liability33,026
1,272,0291,374,201Down 7.4
Total liabilities1,640,4911,579,225Up 3.9
Total equity and liabilities35,870,31737,069,688Down 3.2

CASH FLOW AS REPORTED (FY 2019)

DescriptionQAR ThousandQAR Thousand
Dec 3120192018Change %
Cash flows from operating activities
Profit for the year2,574,6135,029,816Down 48.8
Adjustments for:
Depreciation of property plant and equipment244,828237,437Up 3.1
Amortisation of right-of-use assets32,445
Provision for employees' end of service benefits35,57940,598Down 12.4
Share of net results from investment in joint ventures-2,180,755-3,877,848Improved 43.8
Share of net results from investment in associates-75,328-32,643Deterioration 130.8
Loss on disposal of property plant and equipment8,5065,225Up 62.8
Dividend income from financial assets at fair value through profit or loss-15,455-26,756Improved 42.2
Fair value loss / (gains) from financial assets at fair value through profit or loss39,446-14,483Recovery
Gain on disposal of financial assets at fair value through profit or loss-5,703
Finance costs11,4971,948Up 490.2
Reversal of provision for inventory write down-193-2,439Improved 92.1
Interest income-365,847-311,742Deterioration 17.4
(Reversal of impairment loss) / impairment loss of investment in associate-100,00049,535Deterioration
Operating cash flows before changes in working capital209,3361,092,945Down 80.8
Changes in working capital
Inventories-134,221-270,406Improved 50.4
Trade and other receivable267,712342,494Down 21.8
Trade and other payable-67,233119,082Deterioration
Cash generated from operations275,5941,284,115Down 78.5
Payments of end of service benefits-39,919-34,669Deterioration 15.1
Social fund contribution-124,919-83,709Deterioration 49.2
Net cash generated from operating activities110,7561,165,737Down 90.5
Cash flows from investing activities
Proceeds from disposals of property plant and equipment4,435
Additions to property plant and equipment-155,873-160,209Improved 2.7
Dividend received from investment in associate3,50016,156Down 78.3
Proceeds from disposal of financial assets at fair value through profit or loss192,019
Proceeds from disposal of financial assets at fair value through other comprehensive income534
Dividend received from financial assets at fair value through profit or loss15,45526,756Down 42.2
Dividends received from investment in joint ventures3,259,7724,570,001Down 28.7
Proceeds from loans from an associate98,321
Movement in fixed deposits-177,329-1,540,015Improved 88.5
Interest income received470,061234,309Up 100.6
Net cash generated from investing activities3,518,3423,339,551Up 5.4
Cash flows from financing activities
Repayment of borrowings-225,758
Repayment of principal repayment and interest expense related to lease liability-44,142
Finance costs paid-354-1,948Improved 81.8
Movement in unclaimed dividend bank accounts2,618-7,405Recovery
Dividends paid to equity holders-3,632,618-3,017,596Deterioration 20.4
Net cash used in financing activities-3,674,496-3,252,707Deterioration 13.0
Net (decrease) / increase in cash and cash equivalents-45,3981,252,581Deterioration
Cash and cash equivalents at beginning of year1,883,715631,134Up 198.5
Cash and cash equivalents at end of year1,838,3171,883,715Down 2.4

10.5 Download INDUSTRIES QATAR Financials Past 10 Years

Description (December 31)2019201820172016201520142013201220112010
Income Statement
Revenue per share 0.840.967.6511.1815.0218.4320.1421.9427.3520.38
Other Revenue (B)1.93.95.26.47.1
Depreciation (M)182.9158.1171.617.834.9
EBIT (B)4.585.8
Interest (M)13.121.959.366.999.5300
Profit before tax (B)4.57.95.5
Net profit (B)2.653.334.56.388.47.95.5
EPS 0.430.830.550.490.741.051.321.41.190.82
Balance Sheet
Equity Share Capital (B)34.235.533.633.533.633.633.830.326.221.7
Retained Earnings (B)2829.327.227.127.227.227.6252116.3
Total Debt 200.8 M225.8 M676.3 M1.1 B1.7 B2 B1.6 B6.9 B7.5 B
Total Assets (B)35.937.135.235.235.836.636.832.936.831.9
Current Asset (B)14.214.311.11110.39.612.38.212.510
Fixed Asset (B)3.33.43.53.73.84.13.63.221.519.5
Working Capital (B)12.9139.79.897.211.17.38.66.5
Cash Flow
Operating Cash Flow 110.8 M1.2 B468.2 M1.4 B1.5 B1.6 B1.2 B1.7 B8 B5 B
Investing Cash Flow (B)3.53.32.12.12.95.23.23(3.3)(3.3)
Financing Cash Flow (B)(3.7)(3.3)(2.9)(3.5)(4.8)(7)(4.3)(4.1)(3.3)(1.4)
Net Cash Flow (45.4 M)1.3 B(333.2 M)8.1 M(389.2 M)(185.4 M)65.6 M588.6 M1.5 B293.6 M

SECTION 11 PEER GROUP ANALYSIS & RANKING

11.1 Global Peer Group (all figures in $): Key Financials

In its Global Peer Group of 9 companies IQCD is ranked fourth by PV $1000 (1 yr), fifth by MCap, seventh by Net Profit, eighth by Revenue, Total Assets and ninth by Relative Str. (6 mo).

Name (Code)Relative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Rank of IQCD954878
Industries Qatar (IQCD)5119.3B1,457.11.4B707.3M9.9B
Formosa Plastics (1301)7322.9B1,300.27.5B1.3B17.9B
EMS-Chemie (EMSN)5121.5B1,567.3563.3M532.3M1.1B
Nan Ya Plastics (1303)6821.4B1,279.410.3B828.7M19.9B
CNH Industrial (CNHI)9120.6B1,677.328B874M49.2B
Formosa Chemicals & Fibre (1326)7118.7B1,298.711.3B1.1B19.8B
Albemarle (ALB)8616.4B1,786.03.6B533.2M9.9B
Celanese (CE)7016.2B1,385.95.7B2B10.9B
Evonik Industries (EVK)6416.1B1,396.115.9B2.6B26.7B

Global Peer Group: Relative Value Indicators

IQCD is ranked fourth by P/Book, seventh by P/E, eighth by P/S and ninth by Turnover Rate.

Name (Code)Country CodeLast PriceP/EP/SP/BookTurnover Rate (%)% Disc to 52-w HiRetention Ratio
Rank of IQCD7849
Industries Qatar (IQCD)QAQAR11.6226.513.62.03.69.17.0
Formosa Plastics (1301)TWTWD100.017.13.11.828.71.024.9
EMS-Chemie (EMSN)CHCHF831.025.225.88.1
Nan Ya Plastics (1303)TWTWD75.025.82.11.716.624.4
CNH Industrial (CNHI)ITEUR12.4323.50.742.952.60.5
Formosa Chemicals & Fibre (1326)TWTWD88.6018.11.61.322.80.522.3
Albemarle (ALB)US$160.9032.04.86.8222.114.669.4
Celanese (CE)US$141.218.33.07.7146.21.085.1
Evonik Industries (EVK)DEEUR28.406.21.05.142.90.974.6

11.2 BuySellSignals Fundamentals Valuation Ranking: Industries Qatar vs Qatar Market

Out of 45 stocks in the Qatar Market, Industries Qatar is ranked second by Market Cap $, third by Net Profit $, fourth by Total Debt/Equity and fourth by Revenue.

Qatar AvgIQCDRankRank 1Rank 2Rank 3Lowest Rank
Market Cap $2.9 B19.3 B243.5 B QNBK19.3 B IQCD11.2 B ERES31.7 M DHBK
Net Profit $242.7 M707.3 M33.9 B QNBK839.4 M QIBK707.3 M IQCD(128.6 M) QGRI
Total Debt/Equity (the lower the better)0.6x0.01x40.001x NLCS0.002x MRDS0.003x MCGS3.1x QGTS
Revenue $824.7 M1.4 B48.7 B ORDS6.2 B QFLS3.2 B MCCS1 M IHGS
ROA (%)1.87.2715.3 WDAM9.9 QFLS9.9 ZHCD0.2 IHGS
Total Assets $13.5 B9.9 B12 44.9 B QIBK40.5 B CBQK42.3 M QGMD
P/Sales2.6x13.8x200.1x QFLS0.1x MCCS0.5x MCGS-
ROE (%)4.97.52022.6 WDAM19.2 QISI15.5 MARK-
Yield (%)3.13.42313.7 MCCS11.6 ZHCD9.4 QFLS0.9 QAMC
Free Cash Flow652 M 2510.5 B ORDS8.3 B QNBK6.8 B CBQK
P/Earnings12.2x27.02x296.6x MCCS8.3x BRES9.98x CBQK-
Price/Net Tangible Assets1.2x2.1x290.1x CBQK0.1x QATI0.1x QAMC-
Premium to 52-Wk Low (%)37.381.82911.8 QNBK19.5 QIMD19.9 MCCS666.7 QGMD
Discount to 52-Wk High (%)7.87.43334.2 ERES28.8 BLDN27.2 QIGD1.9 DOHI

Negative values are shown in brackets.

11.3 Global Rank [out of 47,998 stocks] and Rank of Industries Qatar in the Middle East & Africa Region [out of 2,155 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap ($)19.3B1,07723
Total Assets ($)9.9B2,959116
Revenue ($)1.4B5,612135
Net Profit ($)707.3M1,42647
Return on Equity %7.515,598761
Net Profit Margin %50.52,052159
Price to Book2.020,7681,097
Price/Earnings26.514,335734
Yield %3.57,346657
PV1000 (1Year) $*1,45714,763689
$* Change (1Year) %33.015,645700

* 1 year ago $1 = QAR 3.64

Feb 25, 2021: $ 1 equals QAR 3.64

11.4 Rank of Industries Qatar in the QE Index [out of 19 stocks] and in the Total Qatar Market [out of 44 stocks]

DescriptionValueIn QE IndexIn Total Qatar Market
MCap (QR)70.3B22
Total Assets (QR)35.9B912
Revenue (QR)5.1B24
Net Profit (QR)2.6B33
Return on Equity %7.51120
Net Profit Margin %50.5917
Price to Book2.11531
Price/Earnings27.01831
Yield %3.41222
PV1000 (1Year) QAR1,457416

11.5 Long-Term Fundamental Ranking: 3 out of 5 [5 is best]

Industries Qatar is ranked number 1 out of 1 listed chemicals companies in the Qatar with a market capitalization of QAR70.3 billion ($19.3 billion).

Within its sector it has a relatively high Price/Sales of 13.8.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.

SECTION 12 NEWS ARCHIVES (FEB 2017 - OCT 2020)

12.1 Dividends

February 10 2020: Industries Qatar announces dividend

Industries Qatar today announced a cash dividend of 40.0 Dirham per share. The ex-dividend date is Monday, March 02.

February 12 2019: Industries Qatar announces dividend

Industries Qatar today announced a cash dividend of QAR6.0 per share. The ex dividend date is Wednesday, March 06.

12.2 Share Capital

June 24 2019: Industries Qatar announces share split

Industries Qatar has announced a 1 for 10 share split, on Wednesday, June 26. The shares last traded at QR116.81.

12.3 Meetings

September 16 2020: INDUSTRIES QATAR HOLDS ITS EGM AND APPROVES THE PURCHASE OF QATAR PETROLEUM'S 25% STAKE IN QAFCO

Industries Qatar has announced that the Extraordinary General Assembly meeting of the shareholders of Industries Qatar (IQ) was convened on Sunday, September 13th, 2020 electronically using Zoom application platform and approved the following agenda items:

Source: mubasher.info

March 08 2019: THE AGM AND EGM OF INDUSTRIES QATAR ENDORSES ITEMS ON ITS AGENDA AND APPROVES THE DISTRIBUTION OF 60% CASH DIVIDEND

Industries Qatar held its AGM and EGM on Tuesday, March 5, 2019 in Al-Rayan Ballroom, Shiraton Hotel, As follows: The agenda for the Ordinary General Assembly Meeting: 1. Listen to the H.E. Chairman's Message for the financial year ended December 31, 2018. 2. Listen and approve the Board of Directors' Report on IQ's operations and financial performance for the financial year ended December 31, 2018, and the future plans of the company. 3. Listen and approve the Auditors' Report on IQ's consolidated financial statements for the financial year ended December 31, 2018. 4. Approval of IQ's financial statements for the financial year ended December 31, 2018. 5. Approve the 2018 Corporate Governance Report. 6. Approve the Board's recommendation for a dividend payment of QR 6 per share, representing 60% of the nominal share value. 7. Absolve the Board of Directors from responsibility for the year 2018 and approve their remuneration. 8. Appointment of the external auditors for the financial year ending December 31, 2019 and approve their fees. The agenda for the Extraordinary General Assembly Meeting: Approval of the proposed amendments to the Company's article of association.

Source: mubasher.info

February 19 2019: Industries Qatar announces AGM

Industries Qatar has announced its Annual General Meeting will take place on Tuesday, March 05.

February 28 2017: TRADING SUSPENSION IN THE SHARES OF INDUSTRIES QATAR ON TUESDAY FEBRUARY 28, 2017 DUE TO THE COMPANY'S AGM AND EGM HELD ON THAT DAY

12.4 Acquisitions

August 24 2020: INDUSTRIES QATAR ACQUIRES QP'S 25% STAKE IN QAFCO USD 1 BILLION DEAL

Industries Qatar announced that the Company's Board of Directors, in its meeting held on 23rd August 2020, has approved the proposed purchase of Qatar Petroleum's 25% stake in Qatar Fertiliser Company ("QAFCO"), and to convene an Extraordinary General Assembly ("EGA") meeting to obtain the shareholders' approval of the transaction. The effective date of the transaction would be 1st January 2020, until expiry of the new Gas Sale and Purchase Agreement ("GSPA"), for a proposed purchase consideration of USD 1.0 billion. The date and timing of the EGA meeting will be announced in due course.

Source: mubasher.info

12.5 Press Releases

October 29 2020: Industries Qatar : Disclose the financial statements for Quarter 3 of 2020

Industries Qatar discloses the interim financial statement for the nine-month period ending 30th September, 2020. The financial statements revealed a Net Profit of QR 951,296,692 in comparison to Net Profit QR 2,036,482,116 for the same period of the previous year.

Source: mubasher.info

August 19 2020: INTERNATIONAL CREDIT RATING AGENCIES S&P AND MOODY'S AFFIRMED INDUSTRIES QATAR'S CREDIT RATINGS

Industries Qatar announced that international credit rating agencies Standard & Poor's Financial Services (S&P) and Moody's Investors Service have both recently affirmed IQ's credit ratings. S&P affirmed IQ's credit rating at 'A+' with a stable outlook. Moody's affirmed IQ's long term rating at A1 with a stable outlook.

Source: mubasher.info

July 29 2020: IQ Discloses its Financial Statements FOR THE 1ST HALF OF 2020

Industries Qatar (IQ) disclosed its reviewed financial statements for the period ended on 30 June 2020. The statements reported a net profit (attributable to equity holders of the Parent) of QR 485.3 million compared to net profit of QR 1.46 billion for the same period of the previous year.

Source: mubasher.info

July 10 2020: INDUSTRIES QATAR DISCLOSES THE SEMI-ANNUAL FINANCIALS ON JULY 27, 2020

Industries Qatar announces its intent to disclose the financial reports for the period ending June 30, 2020 on 27/7/2020.

Source: mubasher.info

April 24 2020: IQ Discloses its Financial Statements for the 1st Quarter of 2020

Industries Qatar disclosed its financial statements for the three months period ended March 31, 2020. The statements reported a net profit of QR 203.8 million compared to net profit of QR 674.0 million for the same period of the previous year.

Source: mubasher.info

October 29 2019: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 3RD QUARTER OF 2019

Industries Qatar disclosed its financial statements for the nine months period ended September 30, 2019. The statements reported a net profit of QR 2 Billion compared to net profit of QR 3.8 Billion for the same period of the previous year. Earnings per Share (EPS) amounted to QR 0.34 for the period ended 30/9/2019 compared to EPS of QR 0.63 for the same period of the previous year.

Source: mubasher.info

October 10 2019: INDUSTRIES QATAR 3RD QUARTER FINANCIAL STATEMENTS ON OCTOBER 24, 2019

Industries Qatar announces its intent to disclose the 3rd quarter financial statements for the period ending September 30 2019, on 24/10/2019.

Source: mubasher.info

August 08 2019: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 1ST HALF OF 2019

Industries Qatar disclosed its financial statements for the six months' period ended June30, 2019. The statements show that the net profit is QR 1.5 billion compared to net profit amounting to QR 2.5 billion for the same period of the previous year.

Source: mubasher.info

July 12 2019: INDUSTRIES QATAR DISCLOSES THE SEMI-ANNUAL FINANCIALS ON AUGUST 1, 2019

Industries Qatar announces its intent to disclose the financial reports for the period ending June 30, 2019 on 1 August 2019.

Source: mubasher.info

April 25 2019: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2019

Industries Qatar disclosed its financial statements for the three months period ended March 31, 2019. The statements show that the net profit is QR 674 million compared to net profit amounting to QR 1.26 Billion for the same period of the previous year. Earnings per Share (EPS) amounted to QR 1.11 for the period ended March 31, 2019 compared to EPS of QR 2.10 for the same period of the previous year.

Source: mubasher.info

April 25 2019: INDUSTRIES QATAR TO DISCLOSE ITS 2019 FIRST QUARTER FINANCIAL RESULTS ON 22 APRIL 2019

Industries Qatar announces its intent to disclose its 2019 First Quarter Financial Statements Results on, 22 April 2019.

Source: mubasher.info

February 19 2019: Industries Qatar announces EGM

Industries Qatar has announced its Extra Ordinary General Meeting will take place on Tuesday, March 05.

January 31 2019: INDUSTRIES QATAR BOARD MEETS ON 11/2/2019 TO DISCUSS THE FINANCIAL STATEMENTS ENDED 31/12/2018

Industries Qatar company announces that its board of directors will meet on 11 Feb 2019 to Discuss and adopt financial statements of the company for the period ended 31/12/2018.

Source: mubasher.info

October 27 2018: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2018

Industries Qatar disclosed its financial statements for the nine months period ended September 30, 2018. The statements show that the net profit is QR 3.8 billion compared to net profit amounting to QR 2.4 billion for the same period of the previous year. Earnings per Share (EPS) amounted to QR 6.32 for the period ended September 30, 2018 compared to EPS of QR 3.90 for the same period of the previous year.

Source: mubasher.info

October 12 2018: INDUSTRIES QATAR DISCLOSE 3RD QUARTER FINANCIAL STATEMENTS ON OCTOBER 24, 2018

Industries Qatar announces its intent to disclose the 3rd quarter financial statements for the period ending September 30 2018 on Wednesday 24 October 2018.

Source: mubasher.info

August 13 2018: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 1ST HALF OF 2018

Industries Qatar disclosed its financial statements for the six months period ended June 30, 2018. The statements show that the net profit is QR 2.5 billion compared to net profit amounting to QR 1.6 billion for the same period of the previous year. Earnings per Share (EPS) amounted to QR 4.15 for the period ended June 30, 2018 compared to EPS of QR 2.66 for the same period of the previous year.

Source: mubasher.info

August 09 2018: Industries Qatar net profit surges by 56% in H1

Industries Qatar (IQ), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertilizer and steel products, has reported a net profit of QR2.5bn and earnings per share of QR4.15 for the first half of 2018 (H1, 18). This compares with net profit of QR1.6bn and earnings per share of QR 2.66 for the corresponding period of 2017.

The results are also well ahead of the group budget expectations for 2018. Improved product prices, stable sales volumes, efficiently managed operating assets base and continued focus on cost improvements were the driving forces behind this impressive performance, the group stated yesterday.

Source: Gulfbase

August 08 2018: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 1ST HALF OF 2018

Industries Qatar disclosed its financial statements for the six months period ended June 30, 2018. The statements show that the net profit is QR 2.5 billion compared to net profit amounting to QR 1.6 billion for the same period of the previous year. Earnings per Share (EPS) amounted to QR 4.15 for the period ended June 30, 2018 compared to EPS of QR 2.66 for the same period of the previous year.

Source: mubasher.info

July 24 2018: INDUSTRIES QATAR DISCLOSES THE SEMI-ANNUAL FINANCIALS ON 08 AUG, 2018

Industries Qatar has announced its intent to disclose the reviewed financial reports for the period ending June 30, 2018 on 08 August, 2018.

Source: mubasher.info

February 15 2018: INDUSTRIES QATAR DISCLOSES ITS FINANCIAL STATEMENTS FOR THE YEAR 2017

Industries Qatar disclosed its financial statements for the period ended on 31/12/2017. The statements show that the net profit is QR3,315 million compared to net profit amounting to QR2,955 million for the same period of the previous year. Earnings per Share (EPS) amounted to QR5.48 for the period ended December 31, 2017 compared to EPS amounted to QR4.88 for the same period of the previous year. The Board of Directors of the company recommended a dividend of QR5 per share for the period. The Board also approved the calling to convene the Ordinary and Extraordinary General Assembly Meetings of the shareholders on Sunday 4th of March 2018. Agenda items and meeting details will be provided later.

Source: mubasher.info

February 08 2018: INDUSTRIES QATAR ANNOUNCED THE QATAR STEEL SIGNS OFF-TAKE AGREEMENT WITH MUNTAJAT

Industries Qatar has announced the signing of an off-take agreement between Muntajat and Qatar Steel to migrate the marketing, sales and distribution activities of Qatar Steel's entire production to Muntajat.

Source: mubasher.info

January 30 2018: INDUSTRIES QATAR BOARD MEETS ON 12/2/2018 TO DISCUSS THE FINANCIAL STATEMENTS ENDED 31/12/2017

Industries Qatar announces that its Board of Directors (BOD) will hold a board meeting on February 12, 2018 to discuss and approve the draft of the audited financial statements for the period ending December 31, 2017.

Source: mubasher.info

October 24 2017: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 3RD QUARTER OF 2017

Industries Qatar disclosed its financial statements for the nine months period ended September 30, 2017. The statements show that the net profit is QR 2.35 Billion compared to net profit amounting to QR 2.72 Billion for the same period of the previous year. Earnings Per Share (EPS) amounted to QR 3.90 for the period ended September 30, 2017 compared to EPS of QR 4.50 for the same period of the previous year.

Source: mubasher.info

October 19 2017: INDUSTRIES QATAR DECIDES TO DISCLOSE 3RD QUARTER FINANCIAL STATEMENTS ON OCTOBER 23, 2017

Industries Qatar Company announces its intentto disclose the 3rd quarter financial statements for the period endingSeptember 30. 2017, On October 23, 2017.

Source: mubasher.info

August 09 2017: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 1ST HALF OF 2017

Industries Qatar disclosed its financial statements for the six months period ended June 30, 2017. The statements show that the net profit is QR 1,609.9 million compared to net profit amounting to QR 1,988.8 million for the same period of the previous year. Earnings Per Share (EPS) amounted to QR 2.66 for the period ended June 30, 2017 compared to EPS of QR 3.29 for the same period of the previous year.

Source: mubasher.info

July 24 2017: INDUSTRIES QATAR DISCLOSES THE SEMI-ANNUAL FINANCIALS ON 08 AUGUST, 2017

Industries Qatar has announced its intent to disclose the reviewed financial reports for the period ending June 30, 2017 on 08/8/2017.

Source: mubasher.info

June 22 2017: INDUSTRIES QATAR ANNOUNCES COMPLETE INTEGRATION OF QVC ACTIVITIES INTO QAPCO

Industries Qatar has announced today that it has successfully completed the integration of Qatar Vinyl Company "QVC" activities into Qatar Petrochemical Company "QAPCO" which will fully operate the facilities of "QVC" as of July 1st, 2017.

First announced in February 2017, the objective of this operational integration is to enhance the competitiveness, financial performance of QAPCO and QVC by achieving synergies and creating a single entity that operates the assets of both companies.

The integration of activities will not result in any change to the shareholders' ownership. Furthermore, QAPCO and QVC brands will remain fully in place.

Source: mubasher.info

April 30 2017: QAPCO SIGNS AGREEMENT WITH QATAR PETROLEUM FOR ADDITIONAL SUPPLY OF ETHANE

Industries Qatar Company has announced that Qatar Petrochemical Company 'QAPCO', a subsidiary of IQ, has signed agreement with Qatar Petroleum to provide the Company with additional amounts of ethane gas in order to improve the production capacity of QAPCO, enhancing its financial and operational performance.

Source: mubasher.info

April 26 2017: IQ DISCLOSES ITS FINANCIAL STATEMENTS FOR THE 1ST QUARTER OF 2017

Industries Qatar disclosed its financial statements for the three months period ended March 31, 2017. The statements show that the net profit is QR 928 million compared to net profit amounting to QR 697 million for the same period of the previous year. Earnings per Share (EPS) amounted to QR 1.53 for the period ended March 31, 2017 compared to EPS of QR 1.15 for the same period of the previous year.

Source: mubasher.info

April 17 2017: INDUSTRIES QATAR DISCLOSE ITS 1ST QUARTER FINANCIAL STATEMENTS ON APRIL 25, 2017

Industries Qatar announces its intent to disclose its first quarter Financial Statements results for the year 2017 on Tuesday 25 April 2017.

Source: mubasher.info

GLOSSARY

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Cash/MCap: Cash plus Liquids/Market Capitalisation (times)

Current Ratio: Current Assets/Current Liabiliites (times)

Dividend Yield: Dividend Per Share/Share Price (%)

Earnings Yield: Earnings Per Share/Share Price (%)

Income during the n years (3/2/1): Dividends received during the Period

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PCP: Previous Corresponding Period

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price/Earnings: Share Price/Earnings Per Share (times)

Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)

Price/Sales: Share Price/Sales Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

Return on Assets: Net Profit/Total Assets (%)

Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

TTM: Trailing 12 Months

Turnover Rate: value of annual trading volume as a percentage of market capitalisation

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

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