Monday, 24 November 2008
updated 1 minute ago
00:22 UAE time

YOUR DIRECTORY /

Masraf Al Rayan Q2 profit $8.5mn

by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 28 July 2008

FALLING SHORT: Qatari lender Masraf Al Rayan has posted a second-quarter net profit of $8.54 million. (Getty Images)

Qatari Islamic lender Masraf Al Rayan posted a second-quarter net profit of 31.08 million riyals ($8.54 million), falling far short of an analyst's forecast.

Half-year net profit was 250 million riyals, down from 666.5 million riyals a year earlier, the bank said in a statement. First-half earnings per share of 0.33 riyal compared with 0.89 riyal last year.

The second-quarter profit was 31.08 million riyals compared with 623.01 million riyals a year earlier, financial statements posted on the Doha bourse website showed.

Story continues below ↓

The earnings fell far short of a forecast by Global Investment House in a survey last month that predicted second-quarter earnings of 325.1 million riyals.

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.

Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country

Subject *

Comment *


Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

< Previous article
Al-Futtaim buys 71% stake in Sri Lankan vehicle firm

Next article >
TECOM launches new services portal

TOP IN MIDDLE EAST BANKING & FINANCE

ALSO IN MIDDLE EAST BANKING & FINANCE

LATEST MIDDLE EAST BUSINESS NEWS

more » MIDDLE EAST MARKETS DATA

MARK.DSM

Last Price:

10.40

+0.30	+2.91%

23 Nov 2008 09:29 GMT
(Market Closed)

EMAIL ALERTS

CONTACTS
Advertise
Who's Who

MOST POPULAR BANKING & FINANCE STORIES

EMIRATES ID DOWNLOAD

READER COMMENTS

Amlak, Tamweel to merge under gov't bank 1
23 Nov ' 08 at 14:59
Would the merger result in a change of lending policy for the two merging companies? would they still be following the Islamic system... More »
More banks curb lending to low wage earners 1
23 Nov ' 08 at 15:02
What's so low wage about Dhs 25,000 per month? More »
Citi in talks with gov't as share price nosedives 1
23 Nov ' 08 at 16:19
what is the value of investment made by abudhabi a few months back. can the bank disclose their status and be transparent on their... More »