Qatar Insurance Q3 profit slips 6%
DUBAI: Qatar Insurance, the Gulf country’s largest insurer by market value, reported a 6 percent fall in third-quarter net profit yesterday, according to Reuters calculations. Net profit of 108.8 million riyals ($29 million) in the three months to Sept. 30, versus 115.7 million riyals a year earlier. Reuters calculation based on financial statements in lieu of a quarterly breakdown. EFG Hermes forecast Qatar Insurance’s third-quarter net profit at 312 million riyals. Nine-month net profit 711 million riyals, up from 693 million riyals a year ago, a bourse statement said.