Mubasher: Ahli Bank posted a 73.3% year-on-year decline in its profits during the fourth quarter of 2016, according to a bourse statement.

Net profits reached QAR 128.35 million ($35.23 million) in Q4-16, compared to QAR 481.22 million ($132.09 million) in Q4-15.

The bank generated profits of QAR 631.75 million in 2016, a decline of 2.46% from QAR 647.72 million in 2015.

Earnings per share (EPS) reached QAR 3.31 in 2016, compared to QAR 3.39 in 2015.

The bank’s board proposed 10% cash dividends or QAR 0.1 per share for 2016, in addition to 5% bonus shares.