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Doha Bank Q4 profit up 6.1pc, misses forecasts

DOHA, January 20, 2015

Doha Bank, Qatar's fifth-largest lender by assets, reported a 6.1 per cent increase in fourth-quarter net profit on Tuesday, according to Reuters calculations, missing analyst expectations.

The lender made a net profit of QR250 million ($68.7 million) during the period, compared with QR235.6 million in the same period a year ago. Doha Bank didn't provide a quarterly breakdown so Reuters calculated the figure based on financial statements

Five analysts, on average, forecast a net profit of QR307.7 million for the period in a Reuters poll.

Net profit for 2014 gained 3.1 per cent year on year to QR1.35 million, the statement said.-Reuters




Tags: Doha Bank | profit |

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