Qatar – Profits of insurers at QAR 759.1 million
Thursday, 08 11 2016, Category: Insurance and Reinsurance, Country: Qatar
Profits of insurance and reinsurance companies listed in the Qatar Stock Exchange decreased at the end of the first of the year i.e. 30 June 2016. According to the consolidated financials of the companies, the net profits decreased from QAR 824.9 million in the first half of last year to QAR 759.1 million in the end of the first half of the current year, which is an 8% decrease.
According to official figures, the only company that achieved exceptional profits is Qatar Insurance of which the profits increased from QAR 577.5 million by the end of the first half of last year to QAR 602 million in the first half of the current year with 4.24% increase. Noting that Earnings Per Share reached QAR 2.60 at end of the first half compared to QAR 2.84 at the end of the first half of last year.
Source: Lusail News