General Insurance Net Profit Increased to
QR55.1 Million in First Quarter of 2018
April 29, 2018
General Insurance’s net profit amounted to
QR55.1 million in the first quarter of 2018, compared to QR43
million for the same period of the previous year. The company’s
earnings per share recorded QR63, versus QR49 for the
corresponding period of 2017.
The Group’s Comments:
Insurance results for the first quarter
increased by 14.1% to QR26 million, while investment and other
operations decreased by 6.9% to QR87.2 million, and total
expenses decreased by 17.6% to QR63.4 million. As a result, the
net profit attributable to shareholders increased by 28% to
QR55.1 million and the comprehensive income amounted to QR52
million, double that of the corresponding period of 2017.
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