CORPORATE

ALL NEWS

Net Profit Up 20%

Company: Mannai Corporation
Release Date: September 30, 2010

Mannai Corporation has posted a net profit of QR 175.7 Million for the nine period ended 30th September, 2010, which is an increase of 20% over the same period last year.   Net Profit improved to 12% of sales compared to 10% of sales over the same period last year.

Return on Equity for the nine months improved to 29% compared to 28% for the same period last year.

Alekh Grewal, Chief Executive Officer said “The continued growth in profits reflects the diversity of our business.  We have a strong balance sheet with no debt gearing and current assets to current liabilities of 1.91 times”. 

The company also acquired a majority stake in Utilnet company based in Jordan and the financial statements incorporate their results.

Basic earnings per share have risen from QR 6.16 to QR 7.40 during the 9 month period.

RELATED NEWS

Mannai Corporation announces the squeeze-out of Gfi Informatique’s shares following the results of the buy-out offer

December 13, 2018 | CATEGORY: Mannai Corporation

Following today’s notice published by the Autorité des marchés financiers (AMF) on the results of th…

Mannai Corporation Reports EBITDA QR 671 million on consolidated revenue of QR 7.6 billion

October 30, 2018 | CATEGORY: Mannai Corporation

Mannai Corporation QPSC (Qatar Exchange: MCCS), today announced its third quarter results for the pe…

Contact Us

<span style="text-align:left"> Tel: (+974) 4455 8888 </br> Fax: (+974) 4455 8880</br> Email: info@mannai.com.qa </span>

Not readable? Change text. captcha txt
ACTIVITIES
CONNECT ON LINKEDIN