Mubasher: Qatar Islamic Insurance Company (QISI) on Sunday posted an 11.8% year-on-year drop in its profits for the fourth quarter of 2017.
Net profits stood at QAR 11.8 million ($3.24 million) in Q4-17, compared to QAR 13.38 million ($3.68 million) in the same period a year earlier, according to a statement to the Qatar Stock Exchange (QSE).
While the Qatar-based firm’s profits dropped 2.4% to QAR 61.95 million during the full-year 2017 versus QAR 63.5 million in the year before.
Earnings Per Share (EPS) amounted to QAR 4.13 by the end of December 2017 compared to QAR 4.23 for the same period the prior year, according to the statement.
QISI’s board recommended distributing a cash dividend of 35% of the share par value, equaling QAR 3.5 per share.
