Qatar First Bank Net Loss Increased to
QR28.64 Million in First Quarter of 2018
April 30, 2018
QFB's net loss amounted to QR28.64 million in
the first quarter of 2018, compared to a net loss of QR9.561
million. QFB’s loss per share reached QR0.14, compared to a loss
of QR0.5 per share in the corresponding period of 2017.
The Group’s Comments:
The total income decreased by 24% to QR92.4
million in the first quarter of 2018, of which QR83.7 million
were generated from non-banking activities. Total expenses
decreased by 4% to QR123.9 million, of which QR94.2 million went
to non-banking activities, and QR12.5 million for personnel. As
a result, the company's loss in the first quarter tripled to
about QR28.6 million.
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