Qatar Inc has displayed robust resiliency to the ongoing economic and diplomatic blockade by the quartet as the listed companies' cumulative net earnings were in the positive terrain during the nine-month ended September against a weakened trend in the year ago period.
Strong earnings expansion, especially in the insurance, industrials, banking, consumer goods and transport sectors helped the Qatar Stock Exchange listed entities report a nine-month cumulative net profit of QR31.13bn with banking and industrials together contributing about 80% of the total near earnings, data collated from the bourse show.
The cumulative net profitability grew 6.74% year-on-year compared to more than 6% decline in the corresponding period of 2017. The bourse's main 20-stock Qatar Share Index reported huge 15.13% gains during January-September this year against a 20.35% plunge in the comparable period of 2017.
The consumer goods, banking and transport sectors were seen outperforming the main index during the January-September period this year.
The insurance sector, which has five listed companies, reported 41.59% surge in cumulative net profit to QR0.62bn at the end of nine-month ended September 30, 2018, compared to 55.89% plunge in the previous year period.
The sector, which contributed 2% to the overall net profitability of the listed companies, was one of the worst performers on the bourse as its index tanked 9.02% during January-September this year against a 24.34% decline in 2017 period.
The industrials sector, which has nine listed constituents, witnessed 27.41% increase in net profitability to QR6.98bn against a 8.56% decrease in the year-ago period.
The sector, which contributed 22% to the overall net profitability of the listed companies, saw its index vault 22.8% during January-September 2018, compared to a 22.54% shrinkage in 2017 period.
The transport sector, which has three listed companies, recorded 9.28% expansion in cumulative net profit to QR1.23bn in the first nine months of this year compared to a huge 32.01% plunge in the corresponding period of 2017.
The sector, which contributed 4% to the overall net profitability, saw its index soar 15.17% against a huge 31.81% shrinkage in January-September 2017.
The banks and financial services sector, which has 13 listed constituents, reported 8.1% rise in cumulative net profit to QR17.77bn compared to mere 3% growth in the comparable period of 2017.
The sector, whose share was 57% in the overall net profitability, witnessed its index shoot up 31.24% at the end of September 30, 2018, against a 10.62% fall in the year-ago period.
The consumer goods sector, which has nine listed entities, witnessed a 6.84% jump in cumulative net profit to QR1.41bn in January-September 2018, compared to a 16.37% decline in the previous year period.
The sector, which contributed 5% to the overall net profitability, was the best performer as its index soared 37.77% at the end of nine-month ended September 30 this year against a 13.58% decline in the 2017 period.
However, the realty segment, which has four listed entities, saw steep corrections with net earnings plummeting 36.71% to QR1.95bn in the first nine months of this year, compared to a 6.93% decline in the comparable period of 2017.
The sector, which constituted 6% of the overall net profitability, witnessed its index decline 6.58% at the end of September 30, 2018 against 21.21% decline in 2017 period.
The telecom sector saw its net profit down 8.85% to QR1.17bn in the first nine months of 2018. The sector, which contributed 4% to overall net profit, fell 11.03% on the bourse during January-September 2018 against 14.71% slump in 2017 period.
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