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Business, Economy

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

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Aldar nets $953m in sales at Fahid

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Alkhaleej Insurance posts profit

A sign of Alkhaleej Takaful Insurance on the front of a building in Doha, Qatar. (QNA)
By TRENDS Desk
May 1, 2023 9:55 am
  • Its EPS stood at QR 0.107 at the end of March 31, 2023 as against EPS QR 0.080 for the same period in 2022
  • Qatar Islamic Insurance reported a 7.16 percent jump in the net profit to $8.04 million in net profit in the first three months of 2023

Doha, Qatar–Alkhaleej Takaful Insurance reported a 33.16 percent rise in net profit for the three-month period ending March 31, 2023 to reach $7.49 million in comparison to net profit of $5.62 million for the same period of the previous year.

The company’s earnings per share (EPS) amounted to QR 0.107 as of March 31, 2023 versus EPS QR 0.080 for the same period in 2022.

Meanwhile, Qatar Islamic Insurance announced a 7.16 percent increase in net profit for the three-month period ending March 31, 2023 to reach $8.04 million in comparison to net profit of $7.50 million for the same period of the previous year.

Its EPS amounted to QR 0.20 as of March 31, 2023 versus EPS QR 0.18 for the same period in 2022.

Mannai Corporation disclosed a 61.75 percent decrease in net profit for the three-month period ending March 31, 2023 to $3.33 million in comparison to net profit of $8.79 million for the same period of the previous year.

Its EPS amounted to QR 0.027 as of March 31, 2023 versus EPS QR 0.070 for the same period in 2022.

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