|
Commercial Bank Net Profit Rose to QR1.25
Billion in Q3 2018
October 24, 2018
Commercial Bank net profit amounted to QR1.25
billion, compared to QR258.98 million for the same period last
year, while the bank’s earnings per share reached QR3.11, versus
QR0.65 for the corresponding period of 2017.
The Group’s Comments:
Commercial Bank's net operating income stood
at QR2.66 billion, of which QR1.9 billion was generated from
interest, while its expenses fell by 41.4% to QR1.4 billion. As
a result, the net profit for this period increased by 386% to
QR1.25 billion. It should be noted that there was a significant
loss in the fair value, reducing the comprehensive income to
QR165.5 million, compared to QR451.7 million recorded in the
corresponding period of 2017.
|