Qatar Islamic Insurance Company (QISI) on Sunday posted a 16.3% year-on-year profit increase during the third quarter of 2018.
Net profits amounted to QAR 16.36 million in Q3-18, compared to QAR 14.07 million in Q3-17, according to the company’s statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) amounted to QAR 3.83 for the three-month period ended September, from QAR 3.34 in the same period of the prior year.
For the first nine months of 2018, QISI’s net profits grew 14.64% to QAR 57.48 million, from QAR 50.14 million for the same period a year earlier.
Earlier in October, QISI revealed that its board has approved changing its name to Qatar Islamic Insurance Group (QIIG).
By the end of Sunday’s session, QISI’s stock rose 2.15% at QAR 53.73.