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Qatar's Commercial Bank Q3 Profit up 112 Pct - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Commercial Bank of Qatar, the country’s second-largest lender by market value, made a third-quarter profit of 474.9 million riyals ($130.5 million), up 112 percent from the year-earlier period, according to figures published on the Doha bourse Web site.

Net income in the nine months to Sept. 30 was 1.1 billion riyals, the company said in a statement on the bourse.

Reuters calculated the third quarter profit based on first-half earnings of 625.1 million riyals and third-quarter profit last year of 223.94 million riyals.

Analysts’ forecasts in a Reuters survey last month ranged from 347.75 million riyals to 365.78 million riyals.

Earnings per share for the nine months to Sept 30 rose 51 percent to 7.2 riyal up from 4.76 riyal in the year earlier period.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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