Doha – Mubasher: Islamic Holdings Group’s earnings declined in the second quarter of fiscal 2016 by 72% year-on-year.

Net profit reached QAR 727,220 ($199,640) in Q2-16, versus QAR 2.62 million ($718,040) in Q2-15, according to a bourse filing released on Wednesday.

In the first half of fiscal 2016, net profit dropped 84.19% to QAR 954,080 from QAR 6.04 million in the same period of 2015.

The Qatar-listed company earlier reported a fall of 93.37% in its profit for Q1-16 to QAR 226,860, compared to QAR 3.4 million in Q1-15.