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Al Khaliji Net Profit Rose to QR335.3
Million in 1st Half of 2018
July 22, 2018
Al Khaliji’s net profit amounted to QR335.33
million, compared to QR319.81 million for the same period last
year, while the bank’s earnings per share recorded QR0.93,
versus QR0.89 for the same period in 2017.
The Group’s Comments:
Al Khaliji Commercial Bank’s net operating
income increased by 1.4% to QR617.5 million, while its expenses
decreased by 4.5% to QR273.9 million, of which QR91.7 million
went to personnel expenses, and QR110.3 million went to net
impairment losses. As a result, the net profit increased by 4.8%
to QR335.3 million, taking into account a fair value loss of
QR54 million, the comprehensive income decreased by 8.8% to
QR281.3 million.
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