Doha – Mubasher: Qatar Islamic Insurance Company’s profits declined in the second quarter of the fiscal year 2016 by 18.9% to QAR 13.55 million ($3.72 million), versus QAR 16.71 million ($4.58 million) in Q2-15.

Net profit reached QAR 35.7 million in the first half of fiscal 2016, 28.7% down from QAR 50.1 million in the same period of 2015, according to a bourse filing released on Wednesday.

Earnings per share amounted to QAR 2.38 for H1-16, compared to QAR 3.35 for H1-15.

The company earlier posted a net profit of QAR 22.15 million for Q1-16, falling by 34% from QAR 33.39 million for Q1-15.

The stock stood at QAR 61.55 in today’s trading.