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Islamic Finance Briefing - Categorized | Banking, Performance more

Qatar Islamic Bank Q3 net misses analysts’ estimates

Posted on 18 October 2010

From Bloomberg: Qatar Islamic Bank SAQ, the Persian gulf country’s biggest shariah-compliant lender, posted a 62 percent rise in third-quarter profit, missing analyst estimates, amid a pickup in economic growth in the emirate.
Net income rose to 305.4 million riyals ($83.9 million) from 188.5 million riyals a year earlier, according to Bloomberg News calculations based on the bank’s nine-month earnings today. Analysts had expected a profit of 344.7 million riyals, according to the mean estimate of three surveyed by Bloomberg……………………………………….Full Article: Source

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