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Masraf Al Rayan profit rises 12.1 pc

Doha, July 22, 2014

Masraf Al Rayan, Qatar's largest Islamic lender by market value, has reported a 12.1 percent increase in second-quarter net profit, exceeding analysts' expectations.

Analysts polled by Reuters had on average forecast a net profit of 442.3 million riyals for the period.

The net profit for the three months to June 30 was 471.6 million riyals ($129.5 million) compared to 420.6 million riyals in the same period a year ago, Reuters calculated based on its first-half financial statement.

The lender said its net profit for the opening six months of 2014 was 904 million riyals, up 10.1 percent from a year ago. - Reuters




Tags: Qatar | Masraf Al Rayan |

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