Mannai Corporation Continues Strong Growth

Company: Mannai Corporation
Release Date: March 31, 2012

Mannai Corporation QSC (Qatar Exchange: MCCS), announced its first quarter results for the period ended 31st March 2012.

Financial Highlights

  • Revenues up 12% to Qatari Riyals (QR) 616 Million (FY2011: QR 547 Million)
  • Net profit up 10% to QR 75.3 million (FY2011: QR 68.4 Million)
  • Earnings per share rose to QR 2.20  compared to QR 2.00  for the first quarter of 2011

Alekh Grewal, Chief Executive Officer said, “The continued growth in profits also benefitted from the important strategic investments made during 2011”


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