Wednesday 18 October 2017

Qatar's CBQ swings to profit in third quarter | ZAWYA MENA Edition

Qatar's CBQ swings to profit in third quarter | ZAWYA MENA Edition:

"DUBAI - Commercial Bank of Qatar (CBQ), the Gulf Arab state's third-largest lender by assets, swung to a third-quarter net profit on Wednesday but missed analysts' average forecasts. CBQ reported net profit of 79.4 million riyals ($21.8 million) in the three months to Sept. 30. That compares with a net loss of 1.0 million riyals in the same period a year earlier. The average of three analysts polled by Reuters had forecast CBQ would make a quarterly profit of 88.5 million riyals. "



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