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QIB reports 13% rise in Q2 profit

QIB reports 13% rise in Q2 profit
Total assets increased by 15% by the end of June 2016 to QAR 135 billion (Press release photo)
QIB
QIBK
-0.26% 19.00 -0.05

Doha – Mubasher: Qatar Islamic Bank’s (QIB) profits rose in the first quarter of fiscal 2016 by 12.8% year-on-year, according to a bourse filing released on Monday.

Net profit reached QAR 558 million ($153 million) in Q2-16, versus QAR 494.6 million ($135.7 million) in Q2-15.

In the first half of 2016, net profit came to QAR 1.05 billion, compared to QAR 895.07 million in
the same period of 2015.

Earnings per share (EPS) amounted to QAR 4.25 for H1-16, 2016 compared to QAR 3.79 for the same period in the previous year.

Total assets increased by 15% by the end of June 2016 to QAR 135 billion.

The stock closed today’s trading with a rise of 0.9% to QAR 102.19.