Doha – Mubasher: QInvest, a Subsidiary to Qatar Islamic Bank (QIB), posted on Wednesday a rise of 34% year-on-year in its profit for the first quarter of fiscal 2016.
Net profit reached QAR 37 million ($10 million) in Q1-16, according to a statement.
Total revenues increased by the end of March 2016 by 36% to QAR 102 million ($28 million).
QInvest earlier reported an increase of 76% in its profit four 2015 to QAR 154 million ($42.31 million).
