Qatar Islamic Insurance's Profit Drops 22.5%
to QR63.5 Million in 2016
February 13, 2017
Qatar Islamic Insurance net profit amounted
to QR 63,502 million compared QR 81,988
million for the same period of the previous
year. Earnings per Share (EPS) amounted to
QR 4, 23 compared to QR 5, 47 for the same
period of the previous year. The Board
recommended distribution of Cash Dividends
of 30 % from the share par value i.e. QR 3
for each share for the year 2016.
The Group's
Comment
The company's agency fees increased by QR5
million to QR78.3 million in 2016, while
total income dropped by 14% to QR104.3
million. Expenses increased slightly by
QR1.5 million to QR40.8 million. As result,
the company's net profit decreased by 22.5%
to QR 63.5 million.