Doha – Mubasher: Al Khaleej Takaful Group’s earnings declined in the second quarter of the fiscal year 2016 by 87% to QAR 740,000 ($203,060), versus QAR 5.71 million ($1.57 million) reported for Q2-15.

Net profit also fell in the first half of fiscal 2013 by 50.9% to QAR 14.84 million from QAR 30.21 million reached in the same period of 2015.

Earnings per share amounted to QAR 0.58 for H1-16, compared to QAR 1.18 for H1-15, according to a bourse filing released on Tuesday.

Total subscriptions reached QAR 164.19 million in H1-16, versus QAR 175.8 million in H1-15.

The company earlier posted a net profit of QAR 14.1 for Q1-16, 42.5% down from QAR 24.5 million for Q1-15.