DUBAI- Qatari lender Masraf Al Rayan reported a 4.4 percent increase in third-quarter net profit on Monday, according to Reuters calculations.
Net profit for the three months to Sept. 30 was 566.1 million riyals ($155.5 million) compared with 542.0 million riyals in the same period a year ago, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown.
EFG Hermes had forecast a quarterly net profit of 529.0 million riyals for the quarter, while QNB Financial Services forecast a net profit of 536.2 million riyals.
($1 = 3.6400 Qatar riyals)
(Reporting by Tom Arnold, editing by Louise Heavens) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
