Financial Performance
Ensuring financial strength and resilience while maintaining profitable growth is a strategic imperative for Qatar Steel. This focus allows the company to invest in growth, which in turn powers innovation and product initiatives. Qatar Steels has a steadfast commitment to executing its financial goals within a balanced framework and in line with the requirements of IQ. The company’s strategy and planning teams are committed to respond efficiently to the intense competition and fluctuating market demand.
| Direct Economic Value Generated and Distributed (Million QAR) | ||||
|---|---|---|---|---|
| 2014 | 2015 | 2016 | ||
| Revenues | 6,201 | 5,703 | 5,200 | |
| Net Profit | 1,276 | 939 | 982 | |
| Net Profit to Revenue | 20.6% | 16.5% | 18.9% | |
| Capital Expenditure | 604 | 151 | 147 | |
| Other Incomes | 234 | 128 | 142 | |
| Operational costs Qatari Riyal | 4,296 | 4,033 | 3,487 | |
| Employees’ wages and benefits | 588 | 597 | 559 | |
| Community investment | 10,825,000 | 341,000 | 121,750 | |
