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.