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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.
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