Commercial Bank's Profit Drops 64% to QR500.75 Million

 

February 21, 2017

 

The Commercial Bank disclosed its financial statements for the period ended on 31.12.2016. The statements shows that the net profit is QR 500.750 million Compared to net profit amounting to QR 1,401.457 million for the same period of the previous year.

 

Earnings per Share (EPS) amounted to QR 0.86 for the period ended December 31, 2016 to EPS amounted to QR 3.92 for the same period of the previous year.

 

TheBoard of Directors is recommending, for approval at the Annual General Assemblyon 4 April 2017, a bonus share payout of 5% (i.e. issue of one bonus share forevery twenty shares held). The financial results and bonus distribution aresubject to the approval of the Qatar Central Bank.