CORPORATE

ALL NEWS

Mannai Reports 3rd Quarter Growth

Company: Mannai Corporation
Release Date: October 24, 2016

Mannai Corporation reports a Net Profit of QR343 Million for the period ending 30th September 2016.
Group results for the 3rd Quarter improved significantly to QR 123 Million Net Profit, compared to QR103 Million at the same stage last year.
Following Mannai’s acquisition earlier this year of a majority stake in GFI Informatique, a public listed company in France, the Group’s level of profits from Associates and Joint Ventures has grown by 59% to QR 77 Million in the 9 month period to 30th September, compared to QR 48 Million in the previous year.
For the 9 month period ending 30th September 2016, Mannai’s Net Profit was QR 343 Million compared to QR 379 Million for the same period last year. The decline in Net Profit was mainly due to the economic slowdown in the region and depressed market conditions in the Group’s retail businesses. 
Alekh Grewal, Group CEO and Director said “the business of GFI Informatique, an IT conglomerate with operations in Europe and North Africa, has further diversified Mannai’s revenue stream internationally and will be an important contributor to Mannai’s future growth and quality of earnings going forward”.

RELATED NEWS

Mannai reports net profit of QR 166 Million on revenue of QR 2.31 Billion

Mannai reports net profit of QR 166 Million on revenue of QR 2.31 Billion

August 9, 2017 | CATEGORY: Mannai Corporation

Mannai Corporation reported a net profit of QR 166 Million for the first half of 2017, compared to Q…

Mannai Corporation finds pride of place among the Top 100 companies in the Arab World

Mannai Corporation finds pride of place among the Top 100 companies in the Arab World

July 16, 2017 | CATEGORY: Mannai Corporation

Mannai Corporation was listed among the Top 100 companies in the Arab World in 2017 according to a r…

Contact Us

Tel: (+974) 4455 8888
Fax: (+974) 4455 8880
Email: info@mannai.com.qa

Not readable? Change text. captcha txt
ACTIVITIES
CONNECT ON LINKEDIN