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Qatar First Bank Turn to a Loss of QR 76.7 Million in
Q2 ,2017
Loss per share stood at QR 0.38
July 27, 2017
Qatar First Bank net loss in the first half of the year was QR
75.7 million compared to a net profit of QR 16.8 million in the
corresponding period last year. The loss per share (LPS)
amounted to QR 0.38 versus earnings per share (EPS) of QR 0. 8
in the corresponding period in 2016.
The Group Securities Comment:
Qatar First Bank's total revenues in the first half of the year
declined by 47.6% to QR 184.8 million. On the other hand, total
expenses decreased by 19.4% to QR 261.5 million. As a result,
the company recorded a loss of QR 76.7 million versus net profit
of QR 18 million in the corresponding period last year.
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