QIIC Announces QR 50 Million Profit in Q3

Doha, October 19 (QNA) - Qatar Islamic Insurance Company (QIIC) Tuesday disclosed its reviewed financial statements for Q3 of 2016. The statements showed net profit of QR 50.117 million compared to QR 71.212 million for the same period of the previous year, a decline by 29.6%. Earning Per Share amounted to QR 3.34 in the 3rd quarter of 2016 compared to QR 4.75 for the same period of the previous year. QIIC made a gross income of QR 79.2 million in Q3 of 2016, down by 16.3 % from the same period last year which was QR 94.7 million. (QNA)