Mubasher: Al Khalij Commercial Bank (KCB) on Thursday announced a 4.4% year-on-year increase in its profits for the second quarter of 2018.

Net profits amounted to QAR 156.83 million in Q2-18, compared to QAR 158.91 million in Q2-17, according to the bank’s statement to the Qatar Stock Exchange (QSE).

For the first half of 2018, KCB’s net profits grew 4.9% to QAR 335.33 million, from QAR 319.81 million in H1-17.

Earnings per share (EPS) amounted to QAR 0.93 for the six-month period ended 30 June, versus QAR 0.89 in the same period of the prior year.

It is worth noting that the bank’s profits went up 5.3% year-on-year to QAR 169.5 million in Q1-18.

By the end of Thursday’s session, KCB’s stock stood at QAR 10.80.