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General Insurance Net Profit Increased to
QR54.03 Million in First Half of 2018
August 01, 2018
Qatar General Insurance Co. net profit
amounted to QR54.03 million in the first half of 2018, compared
to QR39.69 million for the same period last year, while its
earnings per share reached QR0.62, versus QR0.45.
The Group’s Comments:
General Insurance’s total revenue from
insurance underwriting increased by 22.7% to QR47 million in
this period, while investments and other income rose by 1.1% to
QR133.4 million. On the other hand, the company’s total expenses
decreased by 4.1% to QR131.5 million. As a result, the net
profit increased by 36.1% to QR54 million, and due to a net
profit in the fair value of the assets, the comprehensive income
increased to QR66.1 million, compared to a comprehensive loss of
QR50.9 million recorded in the corresponding period of 2017.
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