Qatar Islamic Bank Q2 Net Profit Drops 2.9% » Gulf Business

Qatar Islamic Bank Q2 Net Profit Drops 2.9% » Gulf Business:

"Qatar Islamic Bank (QIB), the Gulf Arab state’s largest sharia-compliant bank by assets, reported a 2.9 per cent drop in second-quarter net profit on Tuesday.

Net profit for the three months to June 30 was 339 million riyals ($93.1 million), it said in a bourse filing, versus a profit of 348.9 million riyals in the second quarter of 2012.

Despite the fall, the earnings beat estimates of seven analysts polled by Reuters who had on average expected a net profit of 324.8 million riyals."

'via Blog this'