October 19, 2016 / 6:35 AM / 10 months ago

Qatar's Medicare Group says Q3 net profit falls 85 pct

DUBAI, Oct 19 (Reuters) - Qatar's Medicare Group reported a 85 percent drop in third-quarter net profit on Wednesday, according to Reuters calculations.

* Net profit of 4.8 million riyals ($1.32 million) in the three months to Sept. 30, down from 32.8 million riyals in the year-earlier period.

* Reuters calculated based on financial statements in lieu of a quarterly breakdown.

* Nine-month net profit was 35.5 million riyals, the company said in a bourse statement, compared with 128.8 million riyals in the year earlier period. ($1 = 3.6408 Qatar riyals) (Reporting by Hadeel Al Sayegh; Editing by David French)

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