QInvest Net Profit Jumps to QR 88.7Million in H1

Doha, August 10 (QNA) – Qatari investment bank QInvest has reported 86% jump in its net profit to QR 88.7 Million ($24.4m) for the first half financial period ended June 30, compared to QR 47.6m ($13m) for the same period in 2014.

The banks revenue for the first six months of 2015 increased 40% to QR195.6mn ($53.7mn), compared to the QR139mn ($38.3mn) recorded in 2014.

QInvest Chief Executive Officer Tamim Hamad Al Kawari said, “During the first half of 2015, we generated strong performance, despite the on-going volatility across global markets. Profits generated in the past six months alone exceeded those in the year 2014.

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Source News: qna.org.qa