Doha – Mubasher: Qatar National Bank (QNB) on Tuesday reported achieving an 11.5% year-on-year growth in profits for the first quarter of 2017, compared to Q1-16.
Profits stood at QAR 3.2 billion ($878.32 million) in Q1-17, compared to QAR 2.87 billion ($787.75 million) in Q1-16, QNB said in its statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) amounted to QAR 3.5 by the end of Q1-17, compared to QAR 3.1 per share in the same period the year before, according to the statement.
Net operating revenues grew 31.5% reaching QAR 5.43 billion in Q1-17, compared to QAR 4.13 billion in Q1-16.
The group last reported annual profits worth QAR 12.4 billion for 2016, compared to QAR 11.33 billion in 2015, showing an increase of 9.4%.
The stock ended Tuesday’s trading session in the red, dropping 0.74%, after 312,700 shares were traded at a value of QAR 46.74 million.
