July 17, 2017 / 11:22 AM / 4 months ago

Qatar's Masraf Al Rayan H1 net profit down 2.9 pct

DUBAI, July 17 (Reuters) - Masraf Al Rayan, Qatar’s second-largest bank by market value, reported a 2.9 percent decrease in net profit for the first six months of 2017, it said on Monday.

Net profit for the six month period was 1.02 billion riyals ($280.1 million) compared with 1.05 billion riyals in the same period a year ago, a company statement said. ($1 = 3.6414 Qatar riyals) (Reporting by Tom Arnold, editing by Louise Heavens)

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