Profit of Qatar General Insurance and Reinsurance Surges 282.62%

Doha: Qatar General Insurance and Reinsurance company profits surged by 282.62 percent in the first nine months of 2024, reaching around QR 45.976 million, compared to QR 12.014 million for the same period in 2023. The financial statements issued by the company, and published on the Qatar Stock Exchange (QSE) website on Monday, showed an increase in earnings per share of QR 0.053 in the period ending on September 30, compared to QR 0.014 for the same period of 2023. Al Meera Consumer Goods company also achieved a 3.5 percent increase in net profits for the period ending on September 30, reaching QR 119.203 million, compared to net profits of QR 115.172 million for the same period in 2023. The financial statements issued by the company indicated an increase in earnings per share of QR 0.58 in the past nine months of 2024, compared to QR 0.56 riyals for the same period of 2023. On the other hand, the net profits of Mesaieed Petrochemical Holding Co. declined by 33.23 percent in the past nine months of 2024, reaching QR 566.69 million, compared to QR 848.837 million for the same period in 2023. The financial statements issued by the company showed a decrease in earnings per share to QR 0.045 in the period ending on September 30, compared to QR 0.068 for the same period of 2023. Source: Qatar News Agency