Qatar National Cement Co reported a 34.9 per cent YoY drop in profits for 2Q17, according to a filing to the Qatar Stock Exchange (QSE).

Profits declined to QAR83.3m (US$22m) from QAR127.9m reported in the equivalent period of the previous year.

In the first half of 2017, the company posted a 33.2 per cent decrease in profits reaching QAR168.1m against QAR 251.7m in 1H16.