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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic Bank Q1 drops 14 pct, misses forecasts

Posted on 15 April 2010

From Reuters: Qatar Islamic Bank (QIB), the Gulf state’s second biggest lender by market value, reported a 14.3 percent drop in first-quarter earnings, missing analysts’ expectations.

The bank made a net profit of 300 million riyals ($82.46 million) in the quarter, down from 350 million riyals a year earlier, it said in a statement on the bourse website…………………………………Full Article: Source

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