Islamic Insurance Net Profit Rose to QR41.11 Million in 1st Half of 2018

July 30, 2018

Qatar Islamic Insurance’s net profit amounted to QR41.11 million in first half of 2018, compared to QR36.06 million for the same period last year, while its earnings per share reached QR2.74, versus QR2.40.

The Group’s Comments:

Qatar Islamic Insurance’s total revenues climbed by 12.4% to QR60.8 million in the first half of 2018, of which QR50.5 million were generated from insurance brokerage fees, and QR4.30 million from rents. Expenditures remained relatively stable at QR16.7 million with a slight increased. As a result the net income rose by 13.9% to QR41.1 million.