DUBAI, July 22 Masraf Al Rayan,
Qatar's largest Islamic lender by market value, reported a 12.1
percent increase in second-quarter net profit on Tuesday,
beating analysts' expectations.
Net profit for the three months to June 30 was 471.6 million
Qatar riyals ($129.5 million) compared to 420.6 million riyals
in the same period a year ago, Reuters calculated based on its
first-half financial statement.
Analysts polled by Reuters had on average forecast a net
profit of 442.3 million riyals for the period.
The lender said its net profit for the opening six months of
2014 was 904 million riyals, up 10.1 percent from a year ago.
($1 = 3.6405 Qatar Riyals)
(Reporting by Olzhas Auyezov; Editing by Andrew Torchia)