Islamic Insurance Profit Rises 1% to QR 36.6 Million in Q2, 2017

August 02, 2017

Qatar Islamic Insurance Company disclosed its reviewed financial statements for the period ended on 30.6.2017. The statements show that the net profit is QR 36,067 Million compared to net profit amounting to QR 35,736 Million for the same period of the previous year. The earnings per Share (EPS) amounted to QR 2, 40 for the period ended June 30, 2017 compared to EPS amounted to QR 2, 38 for the same period of the previous year.

The Group's Comment

Financial data show that the company surplus from its insurance in the second quarter of this year increased by QR2.5 million to QR18.9 million.  Total income amounted to QR 54.1 million, down by 2.4 million compared to the same period last year. Most of the income came from the agency fees worth QR 40.3 million and rentals worth QR 4.6 million, shares of profit from associate companies worth QR 3.5 million. Total expenses amounted to QR 18 million, down by QR 2.8 million. As result, net profit increased by QR 400,000 to QR 36.1 million.