Mubasher: Qatar Islamic Bank (QIB) on Wednesday reported a 13% year-on-year increase in profits for the third quarter of 2018.
Net profits amounted to QAR 2 billion in Q3-18, compared to QAR 1.77 billion in Q3-17, according to a filing to the Qatar Stock Exchange (QSE).
Earnings per Share (EPS) amounted to QR 8.49 for the three-month period ended September, from QAR 7.51 for the same period of the previous year.
The bank’s total assets increased by 1.4% during the July-September period ended September, the statement showed.
Total Income for the first nine months of 2018 reached QAR 5.108 million registering a growth of 8.2%, compared to QAR 4.722 million for the same period in 2017.
As for the first half of 2018, net profits went up to QAR 1.32 billion, versus QAR 1.16 billion for the corresponding period of 2017.
By the end of Wednesday’s session, QIB’s stock rose 1.79% at QAR 142.14.
