Doha Insurance Net Profit Rose by 3% to QR34.9 Million in First Half of 2018

August 01, 2018

Doha Insurance Group’s net profit amounted to QR34.9 million in first half of 2018, compared to QR33.9 million for the same period last year, while its earnings per share recorded QR0.70 in, versus QR0.68 for the corresponding period of 2017.

The Group’s Comments:

The company's total income from insurance revenues increased by 15.5% to QR115.4 million in the first half of 2018. After payment of claims, the net income increased by 9.8% to QR41.2 million. Total investment income and other income increased by 9.8% to QR31.2 million. On the other hand, total expenses increased by 12.8% to QR38.7 million. As a result, the profit attributable to shareholders increased by 2.9% to QR34.9 million. Due to a decline in fair value, comprehensive income decreased to QR26.9 million, however better than the comprehensive loss of QR5.4 million recorded in the corresponding period of 2017.