Doha – Mubasher: Commercial Bank of Qatar (CBQ) posted on Tuesday a fall of 58% in its net profit for the second quarter of fiscal 2016, compared to the same period of 2015.
Net profit reached QAR 226.4 million ($62.15 million) in Q2-16, versus QAR 537.5 million ($147.56 million) in Q1-15, according to a bourse filing.
In the first half of fiscal 2016, net profit also shrank by 50% year-on-year to QAR 500.4 million.
Earnings per share came to QAR 1.22 in H1-16, compared to QAR 2.95 in H1-15.
CBQ earlier reported a net profit of QAR 274 million for Q1-16; 41% down from QAR 462.5 million posted for Q1-15.
