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Qatar Islamic Bank Q1 profit gains 7 pct, below analyst forecast

Posted on 14 April 2011

Qatar Islamic Bank (QIB) posted a 7 percent jump in first quarter net profit on Wednesday, missing analysts forecasts, as net financing income gains were offset by a drop in fee income.
The Gulf state’s second-largest lender by market value earned 321 million riyals ($88.16 million) , up from 300.1 million riyals a year earlier. Analysts on average had forecast quarterly profit of 344.33 million riyals, according to a Reuters poll……………………………………….Full Article: Source

 
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