Mubasher: Qatar General Insurance and Reinsurance Company (QGRIC) on Thursday posted a 28.1% year-on-year surge in its profits for the first quarter of 2018.
Profits amounted to QAR 55.1 million in Q1-18, compared to QAR 43 million in Q1-17, according to the company’s statement to the Qatar Stock Exchange (QSE).
Earnings per share (EPS) rose QAR 0.63 for the three-month period ended March 2018, versus QAR 0.49 for the same period in the year before, the Qatar-based insurance services provider noted.
For the full-year 2017, QGRIC’s profits hiked 40.1% to QAR 307.4 million, up from QAR 219.3 million a year earlier.
In March, QGRIC’s board approved distributing a cash dividend of QAR 2.2 per share, equals 22% of the share’s nominal value.
