05-02-2017 07:42 via news.yahoo.com

BUZZ-Industries Qatar sinks on Q4 earnings miss, dividend cut

Feb 5 (Reuters) - ** Shares in petrochemicals, metals and fertiliser producer Industries Qatar sink 3.5 percent to 111.50 riyals ** Company posted 63 percent drop in fourth-quarter net profit to 230 million riyals ($63.2 million); average forecast of three analysts polled by Reuters was for 902.7 million riyals. It gave no reason for sharp drop ** Board recommended cash dividend for 2016 of 4 riyals per share, less than proposed dividend of 5 riyals in 2015 ** Stock has technical support on 100-
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