Now Reading
Qatar’s Masraf Al Rayan Q2 Profit Rises 12.1%

Qatar’s Masraf Al Rayan Q2 Profit Rises 12.1%

The Islamic lender’s net profit for the three months to June 30 was $129.5 million.

Masraf Al Rayan, Qatar’s largest Islamic lender by market value, reported a 12.1 per cent increase in second-quarter net profit on Tuesday, beating analysts’ expectations.

Net profit for the three months to June 30 was QAR471.6 million ($129.5 million) compared to QAR420.6 million in the same period a year ago, Reuters calculated based on its first-half financial statement.

Analysts polled by Reuters had on average forecast a net profit of QAR442.3 million for the period.

The lender said its net profit for the opening six months of 2014 was QAR904 million, up 10.1 per cent from a year ago.

© 2020 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top