Doha – Mubasher: Medicare Group reported on Wednesday a net profit of QAR 4.9 million ($1.34 million) for the third quarter of the fiscal year 2016, falling by 85.1% compared to QAR 32.81 million ($9 million) for Q3-15.

Net profit for the first nine months of 2016 fell by 72.4% to QAR 35.5 million from QAR 128.81 million for the same period of 2015, according to a bourse filing.

Earnings per Share Reached QAR 1.26 for the January-September period, versus QAR 4.58 for the same period of the previous year.

The company earlier posted a fall of 68.1% in its profit for the first half of 2016 to QAR 30.6 million, compared to QAR 96 million for H1-15.