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Mannai Corporation group net profit crosses Qatari Riyals half a billion

Company: Mannai Corporation
Release Date: February 24, 2015

Following the Mannai Corporation QSC (Qatar Exchange: MCCS), Board meeting chaired by Sheikh Suhaim Bin Abdullah Al Thani, the company today announced its results for the period ended 31st December, 2014.

Financial Highlights on a consolidated basis:

  • Group Revenues increased to QR 5.9 Billion.
  • Net profit grew by 18% to QR 526 Million from QR 446 Million last year.
  • Earnings per share up by 18% to QR 11.54 (FY 2013 : QR 9.78)
  • Return on Equity 24.3%

Mannai Corporation reported a net profit of QR 526 Million on a group turnover of QR 5.9 Billion.

Alekh Grewal, Group Chief Executive Officer and Director said “The diversity of Mannai’s businesses helped in achieving a milestone profit in excess of QR Half a Billion.”

The Board is pleased to recommend a dividend of 60% (QR 6 per share) to the shareholders for approval at the Company’s 8th Annual General Assembly.

The Corporation’s Annual General Assembly will be held at the Al Wajba Ballroom, Intercontinental Hotel Doha at 6.30 p.m. on Sunday 22nd March, 2015 to which all shareholders are invited.

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