PHOTO
DUBAI, April 24 (Reuters) - Masraf Al Rayan
MARK.QA
, Qatar's second largest bank by market value, reported a 6.5 percent fall in first-quarter net profit on Monday.
Net profit for the three months to March 31 was 510 million riyals ($136 million), down from 546 million a year ago, a company statement said.
EFG Hermes had forecast a net profit of 503.47 million riyals for the quarter while QNB Financial Services had expected 512.76 million riyals. ($1 = 3.7502 riyals)
(Reporting by Tom Arnold; editing by David Clarke) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086)(;))
Net profit for the three months to March 31 was 510 million riyals ($136 million), down from 546 million a year ago, a company statement said.
EFG Hermes had forecast a net profit of 503.47 million riyals for the quarter while QNB Financial Services had expected 512.76 million riyals. ($1 = 3.7502 riyals)
(Reporting by Tom Arnold; editing by David Clarke) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086)(;))
