Doha – Mubasher: Doha Bank reported on Wednesday a fall of 8% in its profits for the third quarter of the fiscal year 2016 to QAR 312 million ($85.60 million), versus QAR 339 million ($93.01 million) for Q3-15.

Net profit for the first nine months of 2016 reached OMR 1.02 billion, 10.5% down from OMR 1.14 million for the same period last year.

Earnings per Share amounted to QAR 3.75 for the nine-month period, compared to QAR 4.42 for the same period of the previous year, according to a bourse filing.

The bank earlier posted a net profit of QAR 708 million for the first half of 2016, 11.6% down from QAR 801 million for H1-15.