Qatar Insurance posts flat Q2 net profit

Dubai: Qatar Insurance on Tuesday reported second-quarter net profit that was unchanged from a year earlier, according to Reuters calculations.

The insurer made a net profit of 280.1 million riyals ($76.9 million; Dh282.36 million) in the three months ending June 30, Reuters calculated based on financial statements in lieu of a quarterly breakdown.

That compares with a net profit of 280.9 million riyals for the same three months of 2015.

Qatar Insurance made a net profit in the opening six months of 2016 of 602 million riyals, according to a bourse filing.

This was higher than the 578 million riyals which it recorded for the corresponding period of last year.