Doha – Mubasher: Qatar Insurance Company (QIC) posted on Tuesday a net profit of QAR 322 million ($88.42 million) in the first quarter of fiscal 2016, rising 8.4% from QAR 88.35 million ($24.26 million) in Q1-15.
Earnings per share increased by 8.9% to QAR 1.59 ($0.44) in the three-month period, compared to QAR 1.46 ($0.40) in the same period of 2015, according to the company’s financial statements.
The company’s board of directors agreed on listing stocks of its subsidiary Qatar Life and Medical Insurance Company (QLM) in the Qatar Stock Exchange (QSE) and withdrawing from of the Qatari Unified office Insurance Company.
