Thursday 21 July 2011

Doha Bank Q2 profit jumps 13.1 pct; beats forecasts | Reuters

Doha Bank , Qatar's fifth largest bank by market capitalisation, posted a 13.1 percent jump in second-quarter net profit on Tuesday, beating analysts' forecasts on increased lending and growth in customer deposits.

The lender reported a net profit of 339 million riyals ($93 million), according to Reuters calculations, compared with 299.7 million riyals in the same period last year.

Analysts polled by Reuters on average expected a quarterly profit of 304.90 million riyals.

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