Doha – Mubasher: Qatar Islamic Insurance on Tuesday reported a growth of 2.5% in its profits for the first quarter of 2017, compared to the same period of 2016.
Net profits stood at QAR 22.710 million ($6.23 million) in Q1-17, compared to QAR 22.165 million ($6.08 million) in Q1-16, according to a filing to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) reached QAR 1.51 in Q1-17, compared to QAR 1.48 in the corresponding period of the year before, the statement added.
The insurance company had previously reported a decline of 22.6% in its profits to QAR 63.5 million in 2016, compared to QAR 81.99 million in 2015.
The stock rose 0.69% on Tuesday, after 191 shares were traded, with a liquidity of QAR 11,154.
