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QIB posts QAR 895m profits in H1

QIB posts QAR 895m profits in H1
Photo Credit: Arabianeye-Reuters
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Doha-Mubasher: Qatar Islamic Bank (QIB) reported a 23.4% rise in net profits to QAR 895.07 million ($245.37 million) in the first half of 2015, compared to QAR 725.21 million ($198.8 million) in H1-14.

Earnings per share rose to QAR 3.79 for the period from QAR 3.07 a year earlier, according to a filing to the Qatar Stock Exchange.

Return on shareholders’ equity grew 19% to QAR 400 million in Q1-15 compared to Q1-14.