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International Acquisitions Contributes 52% to Net Profit

Company: Mannai Corporation
Release Date: May 7, 2013

Mannai Corporation QSC (Qatar Exchange: MCCS), today announced its first quarter results for the period ended 31st March 2013.

Financial Highlights

  • Revenues up 121 % to Qatari Riyals (QR) 1.3 Billion (FY2012: QR 616 Million)
  • Net profit up 15% to QR 86.6 Million (FY2012: QR 75.3 Million)
  • Earnings per share rose to QR 1.90 compared to QR 1.65 for the first quarter of 2012

 

Alekh Grewal, Group Chief Executive Officer & Director said, “the strategy to diversify the Group’s earnings outside Qatar has been instrumental in achieving these results.  We remain optimistic that a number of new projects will be announced imminently for the infrastructure development of Qatar and as we are well positioned, we hope to secure our fair share of these projects”. 

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