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Al Khaleej Takaful Q1 profits drop to QAR 14m

Al Khaleej Takaful Q1 profits drop to QAR 14m
(Photo Credit: Arabianeye-Reuters)
Al Khaleej Takaful
AKHI
-0.20% 2.50 -0.01

Doha – Mubasher: Al Khaleej Takaful Group on Thursday reported a slight year-on-year decline in its profits by 2.1% for the first quarter of 2017.

Profits stood at QAR 13.87 million ($3.81 million) in Q1-17, compared to QAR 14.17 million ($3.89 million) in Q1-16, according to a filing to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) reached QAR 0.54 in Q1-17, compared to QAR 0.55 in the corresponding period of the year before.

The Qatari insurance company had previously reported a 69.37% slide in profits to QAR 13.29 million in 2016, compared to QAR 43.39 million in 2015.

The stock closed in the green, adding 4.71% to QAR 20. A total of 652 shares were exchanged, at a value of QAR 13,040.