Doha – Mubasher: Qatar Insurance Co on Tuesday announced a decrease of 6.3% in its profits for the first quarter of 2017, compared to the same period of 2016.

Profits totalled QAR 301.51 million ($82.75 million) in Q1-17, compared to QAR 321.91 million ($88.34 million) in Q1-16, according to a filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) stood at QAR 1.09 in Q1-17, compared to QAR 1.16 in the corresponding period of 2016, the statement showed.

The insurance company previously reported a slight decline of 1% in its profits reaching QAR 1.05 million in 2016, compared to QAR 1.06 million in 2015.

 The stock grew 0.14% on Tuesday, to QAR 70.7, after 43,840 shares were traded, with a liquidity of QAR 3.09 million.