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Qatar: QIC’s 1H net profit down 11% to US$83 mln

Source: Middle East Insurance Review | Sep 2012

Qatar Insurance Co (QIC) posted an 11.4% drop in its net profit to QAR302.76 million (US$83.2 million) in the first six months of 2012, mainly on lower core earnings. Gross premiums for the period grew 1.4% y-o-y to QAR1.47 billion.

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