Qatar's Masraf Al Rayan reports 9.6 pct fall in Q4 profit:
"Masraf Al Rayan, Qatar’s second-largest bank by market value, reported a 9.6-percent drop in fourth-quarter net profit on Tuesday, according to Reuters calculations, missing analysts’ expectations.
Net profit for the three months to Dec. 31 was 466 million riyals ($128 million) compared to 515.6 million riyals in the same period a year ago, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown.
An average of three analysts polled by Reuters had forecast the bank would make a net profit of 562.5 million riyals."
'via Blog this'
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