Doha - Mubasher: Medicare Group reported a 64.47% year-on-year drop in profits in the second quarter of 2016, registering QAR 16.47 million ($4.5 million) down from QAR 46.62 million ($12.8 million) in the same period last year.

Profits also declined in the first half of 2016 to QAR 30.6 million, compared to QAR 96 million in H1-15, according to the company’s statement on Wednesday.

Medicare stock closed Thursday’s trading session at QAR 96.64, losing 1.9%, with 16,500 shares being exchanged at a total turnover of QAR 1.6 million.