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Doha Bank Net Profit Up 4.6% to QR381
Million in Q1 2018
April 23, 2018
Doha Bank's net profit amounted to QR381
million in the first quarter of 2018, compared to QR364 million
for the same period last year. The bank’s earnings per share
recorded QR1.23, versus QR1.41 for the corresponding period of
2017.
The Group’s Comments:
Doha Bank's net income for the first quarter
decreased by 2% to QR707.9 million. The drop was from fees,
commissions and other income streams. On the other hand, total
expenses decreased by 8.3% to QR324.8 million, of which QR132.1
million spent on personnel and QR44.7 million from losses in
value of loans. As a result, the net profit increased by 4.7% to
QR364.4 million. It should be noted that there was a loss of
fair value of QR68 million. The comprehensive income fell to QR
313.4 million, compared to QR400.4 million in the corresponding
period of 2017.
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