Al Khaleej Takaful Net Profit Drops to QR 9.05 Million in Q3 2018

October 29, 2018

Al Khaleej Takaful Insurance net profit amounted to QR9.05 million, compared to QR16.63 million for the same period last year, while the company’s earnings per share amounted to QR0.35, versus QR0.65 for the corresponding period of 2017.

The Group’s Comments:

The company’s Agency Fee fell by 16% to QR23.6 million, and other income decreased by 25.9% to QR10.9 million, while rents dropped to QR2.4 million from QR8.1 million. The gross revenue decreased by 23.8% to QR34.2 million, but total expenses declined by 10.7% to QR25.1 million, while the company’s net income fell by 45.2% to QR9.05 million.