Mannai Net Profit Up by 20% in First Half

Company: Mannai Corporation
Release Date: June 30, 2010

Mannai Corporation has reported a net profit of QR 126.1 Million in the 6 month period ended 30th June, 2010 which is up by 20% compared to QR 105.4 Million in the first half of 2009.

The growth in Net Profit builds on the 26% increase in profit seen in the year ended 31st December, 2009.

Return on Equity in the first half of 2010 rose to 33% compared to 26% for the year ended 31st December, 2009.

Earnings per share rose to QR 5.31 compared to QR 4.44 in the first half of 2009.

“The growth in earnings is remarkable under the current economic climate and it is at times such as these that we appreciate the diversity of our business Group” Alekh Grewal, CEO, Mannai said.


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