Industries Qatar, the country's largest company by market value, more than tripled its third-quarter profit to SR4.52 billion ($1.24 billion), compared to the year-earlier period.

Net income in the nine months to September 30 was SR7.2 billion compared to SR3.4 billion in the same period of last year, the company said in a statement on the Doha bourse website. Middle East Financial Brokerage had forecast Q3 net profit of 2.88 billion riyals.-Reuters