07-02-2016 07:49 via rocketnews.com

BUZZ-Industries Qatar sinks more than 3 pct on Q4 earnings

** Shares in petrochemicals, metals and fertiliser producerIndustries Qatar drop 3.8 percent to 99.10 riyals ** Company posted net profit of 570 million riyals ($157million) for fourth quarter, down from 1.62 billion riyals ayear earlier; SICO Bahrain and QNB Financial Services hadforecast 1.16 billion and 1.11 billion riyals ** Sales volumes hit all-time high but company blamed lowerproduct prices ** Company has now posted falling profits in nine of past 11quarters ** Qatar stock index drops 1
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