Qatar Islamic Insurance profits up 1.76% in Q1

Qatar Islamic Insurance profits up 1.76% in Q1
Profits amounted to QAR 23.11 million in Q1-18
Islamic Insurance QISI 1.78% 50.89 0.89

Mubasher: Qatar Islamic Insurance (QISI) on Monday reported a 1.76% year-on-year surge in its profits during the first quarter of 2018.

Profits amounted to QAR 23.11 million in Q1-18, compared to QAR 22.71 million in Q1-17, according to the company’s statement to the Qatar Stock Exchange (QSE).

Earnings per share (EPS) reached QAR 1.54 in the first three months of 2018 versus QAR 1.51 for the same period of the previous year.

Total revenues recorded QAR 21.66 million in Q1-18, compared to QAR 31.02 in the same quarter a year earlier.

QISI’s board recommended distributing a cash dividend of QAR 3.5 per share, representing 35% of the share’s nominal value.

By the end of Monday’s session, QISI’s stock levelled up 2.02% at QAR 49.99.

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Source: Mubasher

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