Listed companies’ net profit at QR29.3bn
01 Nov 2017 - 0:05
The combined net profit of listed companies, excluding Vodafone Qatar, stood at QR29.3bn in the third quarter of 2017, down 6 percent from a year ago.
Banking sector outperformed other sector indices during the period by recording a net profit of QR16.43bn, up 3 percent compared to the same period in 2016, according to Qatar Stock Exchange (QSE) data.
Among the banks, QIB’s net profit grew by 10.58 percent and QNB’s profit rose by 6.20 percent. QIIB’s profit jumped 5.06 percent, while Doha Bank’s profit increased was up by 2.91 percent.