Qatar’s Aamal Q3 net profit down 3.6%

DUBAI:

Qatar’s Aamal, a diversified investment firm, reported a 3.6 percent fall in third-quarter net profit yesterday, according to a Reuters calculations. Net profit of 101.2 million riyals ($27.8 million) in the three months ending Sept. 30 versus 105 million riyals a year earlier. Reuters calculated the result based on financial statements in lieu of a quarterly breakdown. Aamal’s nine-month net profit of 356.8 million riyals was up from 325.9 million a year earlier, it said in a bourse statement.