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Qatar Insurance Net Profit Rises to QR452
Million in Q3 2018
October 24, 2018
Qatar Insurance Company’s net profit amounted
to QR452 million in the first nine months of 2018, compared to
QR304 million for the same period last year, while the company’s
earnings per share reached QR1.16, versus QR0.95 for the
corresponding period of 2017.
The Group’s Comments:
Qatar Insurance’s gross revenue rose by 38.7%
to QR 1,043.7 million in the first nine months of 2018, of which
QR378.3 million were generated from insurance and QR615 million
from investment, while the company’s total expenses climbed by
28.1% to QR582.9 million. As a result, the net profit hiked by
48.5% to QR451.6 million, and due to fair value losses, the
comprehensive income amounted to QR290.3 million, compared to
QR74.6 million recorded in the corresponding period of 2017.
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