Doha, Qatar – Fifty companies listed on Qatar Stock Exchange (QSE) have reported a combined net profit of $3.45 billion for the first quarter of 2023. This represents a decrease of 10.04 percent from the same period last year, where the net profit was $3.85 billion.
The industries sector saw the biggest decline of 44.18 percent, resulting in a net profit of $656.22 million. The consumer goods and services sector followed with a decline of 17.54 percent, and the real estate sector declined by 10.43 percent.
On the other hand, the insurance sector recorded the highest growth with a 79 percent increase, generating a net profit of $102.94 million.
The telecommunications sector also saw a significant increase of 41 percent, followed by the transport sector with a 2.6 percent increase and the banking and financial services sector with a 1.47 percent increase.