Monday 26 October 2020

Qatar Insurance Q3 net profit slides 20pc

DOHA, October 26, 2015

Qatar Insurance reported a 20 per cent fall in net profit for the third quarter, according to Reuters calculations.

The insurer made a net profit of QR115.7 million ($31.72 million) during the three-month period ending September 30, Reuters calculated based on previous statements as it did not provide a quarterly breakdown.

That compares with a net profit of QR144.3 million for the same three months of 2014.

QNB Financial Services' forecast for a quarterly net profit of QR233.1 million.

Qatar Insurance recorded a net profit in the first nine months of 2015 of QR693 million, down from QR780 million in the same period of 2014, according to a bourse statement. - Reuters

Tags: profit | Qatar Insurance |

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