Masraf Al Rayan reported earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net profit for the period amounted to QAR 510 million, compared to QAR 546 million achieved by the bank in the corresponding period of 2016, a decrease of 6.5%. On the profitability indicators, the company again continued to maintain its leading position with annualized return on average assets at 2.20%. Return on average shareholders' equity of the bank reached 16.72% compared to 18.73% for the period ended 31 March 2016. The company's net profit for the first quarter of 2017 compared to the similar quarter of 2016 (adjusted for non-recurring investment gain from associates) increased by 2.2% which indicates a reasonable growth in core operating income. Earnings per share for the period reached QAR 0.68 compared to QAR 0.73 for the period ended 31 March 2016. As on March 31, 2017, the company's book value per share was QAR 15.62.