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Mannai Net Profit Up

Company: Mannai Corporation
Release Date: September 30, 2011

Mannai Corporation has posted a net profit of QR 203.7 Million for the nine month period ended 30th September, 2011, which is an increase of 16% over the same period last year.  Turnover increased 13% compared to the same period as last year.

Return on Equity for the nine months improved to 30% compared to 29% for the same period last year.

Alekh Grewal, Chief Executive Officer said “The growth in profits continues to reflect the diversity of our business model”.

Basic earnings per share have risen from QR 6.16 to QR 7.14 during the 9 month period.

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