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05-05-14

Qatari listed firms' combines profit hit USD3bn

(MENAFN) The combined net profit of all listed companies on Qatar Exchange, excluding two companies, grew by 8.6 percent to USD3.04 billion in the January-March period, compared to USDUSD2.8 billion in the same period a year earlier, The Peninsula Qatar reported. Vodafone Qatar and Qatari German Company for medical devices are the two companies that have been excluded from the announcement of the first quarter financial results. Vodafone Qatar's financial year starts on April 1 and ends on March 31, while the Qatari German for Medical Devices got the approval of QFMA to postpone the date of disclosing the financial results.