Qatar In­sur­ance Q3 profit slips 6%

Kuwait Times - - BUSINESS -

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.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.