Qinvest net profit rising 69% in the third quarter
OREANDA-NEWS. QInvest, reported its results for the third quarter of 2015. The Bank generated another quarter of robust performance across the board, with revenues increasing 37% to US$ 78.7 million and net profit rising 69% to US$ 33.8 million.
Commenting on these results Tamim Hamad Al-Kawari, Chief Executive Officer of QInvest, said: “We are very encouraged by our performance during the third quarter of 2015. With our commitment to drive growth and innovation across the business, we have continued to source new opportunities, strengthen our brand and deliver positive returns. Whilst we expect on-going market volatility and economic challenges to remain present, we are confident on the outlook for the business. We have an exciting active pipeline of deal flow and a unique market position to leverage investment opportunities across the GCC region and selected markets in Europe, Asia and the U.S.”