Masraf Al Rayan Net Profit in Q1, 2017 Drops To QR 510 Million 
Earnings per share stood at QR 0.68 
 
April 25, 2017 
 
Net profit for Masraf Al Rayan in the first quarter 2017 fell to QR 510 million compared to QR 546 million in the corresponding period last year. Earnings per share stood at QR 0.680 versus QR 0.727 in the corresponding period in 2016.

 
The Group Securities Comment:
 
Masraf Al Rayan's total revenue in the first quarter increased by 8.1% to QR 1013.7 million, of which QR 896.8 million was income from finance and investment. Expenses rose by 9.1% to QR 227 million, of which QR 82.4 million was staff expense. Depositors' share of profits rose by 45.1% to QR 273.7 million, noting that the balance of deposits rose by 11.8% to QR 55.7 billion in the same period. As a result, net profit for the period decreased by 6.5% to QR 510.3 million.