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Mannai Corporation Report First Half Revenue

Company: Mannai Corporation
Release Date: August 5, 2013

Qatar, 05 August, 2013 – Mannai Corporation QSC (Qatar Exchange: MCCS), today announced its half year results for the period ended 30th June, 2013.

 


Financial Highlights on a consolidated basis :

  • Revenues up 45% to QR 2.94 Billion  (HY2012: QR 2.03 Billion)
  • Net profit up 15% to QR 193.9 Million (HY2012: QR 168.6 Million)
  • Earnings per share stood at QR 4.25

 

Mannai Corporation group revenue increased to QR 2.94 Billion from QR 2.03 Billion an increase of 45% over the same period previous year.

The Net Profit increased to QR 193.9 Million from QR 168.6 Million an increase of 15% over the same period previous year.

Earnings per share decreased due to the rights issue of November, 2012 to fund acquisitions.

Alekh Grewal, Group Chief Executive Officer and Director said “Strategic investments in the region to diversify our earnings has enabled the group to achieve remarkable growth in revenue and profits”.

Alekh Grewal also said “with itsstrong financial position, Mannai Group is well positioned to play a major role to support the country’s economic growth and explore opportunities for continued acquisitions internationally”.

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