Doha
Insurance Discloses Its Financial
Statement for The Year 2016
January 30, 2017
Doha Insurance net profit reached QR72.2
million for the fiscal year 2016,
compared to QR 111 million in
2015.
EPS amounted to QR 1.44 compared to QR
2.22 for the period last year. The Board
of Directors has also proposed a cash
dividend of QR 0.60 per share.
The Group's
Comment
Doha Insurance's net revenues from
insurance subscription increased by 2%
to QR 86.5 million in 2016. Investments
revenues and other sources dropped by
46.2% to QR62.4 million. In contrast,
total expenses declined by 11% to QR75.9
million. As result, the company's net
profit dropped by 35% to QR72.2 million.
The company incurred losses worth QR21.5
million; hence the comprehensive income
dropped to QR50.8 million.