Doha – Mubasher: The Commercial Bank of Qatar (CBQ) posted on Wednesday a year-on-year decrease of 58% in its profits for the second quarter of fiscal year 2017.
Net profit reached QAR 88.37 million in Q2-17, compared to QAR 212.28 million for Q2-16, according to a bourse filing.
In the first six months of FY17, profits declined 64.1% to QAR 179.59 million, versus QAR 500.38 million for H1-16.
Earnings per Share for H1-17 amounted to QAR 0.45, compared to QAR 1.40 for H1-16.
