Lesha Bank Net Profits Jump by 45 Percent, Woqod by 8 Percent, and Commercial Bank by 2.8 Percent

Doha: The net profits of Lesha Bank (a public limited liability company) jumped by 45 percent in the nine months ending September 30, 2024 to reach QR 96.636 million , compared to QR 66.764 million in the same period last year. Figures issued by the bank and posted on the Qatar Stock Exchange website Wednesday showed an increase in the return on share to reach QR 0.086 in the period ending September 30, 2024, compared to earnings per share of QR 0.060 for the same period of the previous year. In the same context, the net profits of Qatar Fuel Company (Woqod) (a Qatari public shareholding company) increased by 8 percent in the first nine months of this year to reach QR 771.300 million, compared to QR 711.613 million in the same period last year. The earnings per share amounted to QR 0.78 in the period ending September 30, 2024, compared to QR 0.72 in the same period of the previous year, according to data issued by the company posted on the Stock Exchange website. In turn, the net profits of Commercial Ban k (a Qatari public shareholding company) increased by 2.8 percent in the first nine months of 2024 to reach QR 2.341 billion, compared to QR 2.276 billion in the same period last year. Data issued by the bank Wednesday showed an increase in earnings per share to QR 0.59 for the third quarter of the year ending September 30, 2024, compared to earnings per share of QR 0.57 for the same period of the previous year. Source: Qatar News Agency