Doha - Mubasher: The financial statements of Mesaieed Petrochemical Holding Company (MPHC) showed a 5.94% decline in profits in the fourth quarter of 2016 compared to the same period of the year before.

Profits totalled QAR 188.8 million ($51.81 million) in Q4-16 compared to QAR 200.72 million ($55.08 million) in Q4-16, according to the company’s statement to the Qatar Stock Exchange (QSE) on Sunday.

The company also revealed that annual profits in 2016 decreased by 8.31% and amounted to QAR 904.9 million down from QAR 986.91 million in 2015.