Mesaieed Petrochemical Holding (Doha), a subsidiary of Qatar Petroleum and one of the region’s largest diversified petrochemical conglomerates, today announced its financial results for 2014, with a consolidated net profit of 1.80 billion Qatari rials ($494.6 million) on revenues of QR4.30 billion. Revenue in the fourth quarter was QR1.10 billion, down QR11.5 million from the third quarter. Consolidated net profit in the fourth quarter was QR0.4 billion, a decline of QR0.1 billion mainly because of lower alpha olefin sales volumes and prices. Prior-year comparatives have not been included because the effective date of acquisition of the group’s share in the joint ventures was 1 September 2013. Mesaieed Petrochemical Holding’s interests include producing, distributing, and selling olefins, polyolefins, alpha olefins, and chlor-alkalis.
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