Net Profit Up 47%

Company: Mannai Corporation
Release Date: September 30, 2012

Mannai Corporation Net Profit Up By 47% For The 9 Months.

Mannai Corporation QSC (Qatar Exchange: MCCS), today announced its 3rd quarter results for the period ended 30th September, 2012.

Financial Highlights on a consolidated basis :

  • Revenues up 98% to QR 3.232 Billion 2011: QR 1.634 Billion).
  • Net profit up 47% to QR 299.9 Million (Q32011: QR 203.6 Million).
  • Return on Equity is 23% (20% for the year ended 31st December, 2011).

Mannai Corporation has posted a net profit of QR 299.9 Million for the nine month period ended 30th September, 2012, which is an increase of 47% over the same period last year.  Revenue increased 98% compared to the same period as last year.

Net Profit attributable to the Group is QR 258.4 Million compared to QR 203.6 Million for the same period in the previous year.

Alekh Grewal, Group Chief Executive Officer said “The strategy of expanding geographically has contributed to the substantial growth in revenue and profits”. 

Basic earnings per share have risen from QR 7.14 to QR 7.55 during the 9 month period.


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