Mubasher: Doha Bank announced that its profits fell 25.2% to QAR 830.2 million during the full year 2018, down from QAR 1.11 billion in 2017.
Earnings per share (EPS) declined to QAR 1.97 for the 12-month period ended last December, from QAR 3.02 in the year before, according to a filing to the Qatar Stock Exchange (QSE).
Over the course of the previous year, assets of Qatar’s 3rd largest conventional bank rose to QAR 96.1 billion, against QAR 93.49 billion in the prior year.
During the fourth quarter of 2018, the bank’s profits hiked 51% year-on-year to QAR 92.75 million ($25.5 million).
The bank posted a 39.7% year-on-year profit drop in the first nine months of 2018, recording QAR 737.47 million.
Moreover, the bank’s board invites shareholders to attend the ordinary and extraordinary general assembly of the shareholders for a meeting that will take place on March 6.
By 10:14 am Qatar time, Doha Bank’s stock fell 8.46% at QAR 20.11.
