Mubasher: Qatar Islamic Insurance (QISI) on Monday reported a 34.8% year-on-year jump in its profits for the second quarter of 2018.

Net profits amounted to QAR 18.01 million ($4.95 million) in Q2-18, compared to QAR 13.36 million ($3.67 million) in Q2-17, according to the company’s filing to the Qatar Stock Exchange (QSE).

For the first half of 2018, the Qatari firm’s net profits grew 14% to QAR 41.12 million, from QAR 36.07 million in H1-18.

Earnings per share (EPS) reached QAR 2.74 during the six-month period ended June, versus QAR 2.40 in the same period of the previous year.

It is worth noting that Qatar Islamic’s net profits rose 1.7% year-on-year to QAR 23.11 million in Q1-18.

By the end of Monday’s session, QISI’s stock grew 2.01% at QAR 53.20.