Doha – Mubasher: Qatar Islamic Bank’s (QIB) profits rose 23% year-on-year in the first quarter of the fiscal year 2016, according to the company’s financial statements released on Wednesday.
Net profit reached QAR 492 million ($135.23 million) in Q1-16, compared to QAR 400 million ($109.94 million) in Q1-15.
Meanwhile, earnings per share also increased to QAR 1.98 ($0.54) from QAR 1.69 ($0.46).
QIB earlier reported a net profit of QAR 1.95 billion ($535.51 million) in 2015, rising 22% from QAR 1.6 billion ($439.39 million) in 2014.
The Qatar-listed bank’s stock rose in today’s trading by 0.20% to QAR 100.01 ($27.46).
