Qatar First Bank Net Loss Rises to QR482
Million in 2018
March 26, 2019
Qatar First Bank (QFB) disclosed its
audited financial statements for the year ended 31 December
2018. The statements show the bank recorded a net loss of QR
481.90 million, compared to a net loss of QR 269.26 million in
the previous year.
QFB’s loss per share amounted to QR
2.41 for the year ended 31 December 2018, versus a loss per
share of QR 1.35 in the previous year.
It should also be noted that QFB’s
Board of Directors has recommended against distributing
dividends.
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