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Qatar Islamic Insurance profits down 32% in Q3

Qatar Islamic Insurance profits down 32% in Q3
(Photo Credit: Company Website)
Islamic Insurance
QISI
0.07% 8.70 0.01

Doha – Mubasher: Qatar Islamic Insurance posted a 31.7% year-on-year fall in the third-quarter profits, according to a bourse statement.

Profits stood at QAR 14.42 million ($4 million) in Q3-16, compared to QAR 21.11 million ($5.8 million) in Q3-15.

In the first nine months of 2016, profits declined 29.6% to QAR 50.117 million from QAR 71.212 million in the same period of 2015.