Doha – Mubasher: QInvest achieved QAR 22.5 million ($6.2 million) in net profits attributed to shareholders, following the adoption of a new provisioning policy, according to a statement.
The policy aims to help the company “absorb any unpredictable market shocks”.
Revenues increased 6% year-on-year to reach QAR 416 million ($114 million) in 2016.
Operating profits and assets increased by 3% and 5% year-on-year to stand at QAR 220 million ($60 million) and QAR 4.688 billion ($1.288 billion).
The firm’s capital adequacy ratio stands at 36%, while and cash and cash equivalents remain at higher levels than 2015, exceeding QAR 687 million ($189 million).
