Doha – Mubasher: The financial results of Commercial Bank of Qatar (CBQ), released on Thursday, showed a decline of 24.7% in net profit for 2015 compared with figures from a year earlier.
Profit shrank to QAR 1.46 billion from QAR 1.94 billion. Meanwhile, earnings per share slipped to QAR 4 in 2015, compared to QAR 5.39.
The bank’s board recommended cash dividends of QAR 3 per share.
For the first nine months of 2015, the Qatar-listed bank reported net profit of QAR 1.3 billion, versus QAR 1.5 billion in the same period of 2014.
