Qatar's Masraf al Rayan Q1 net up 13pc
Doha, April 23, 2013
Qatar's largest Islamic lender by market value Masraf al Rayan has reported a 13.2 per cent increase in its first-quarter net profit, beating analysts' expectations.
The net profit for the three months to the end of March was QR400 million ($109.9 million) compared to QR353.5 million in the same period a year ago, a company statement said.
Two analysts polled by Reuters had forecast a net profit of 376 and 372 million riyals respectively for the quarter.-Reuters