MAWASHI: Operational Activities Behind the Profit Rise in First Half

Doha, September 08 (QNA) - Qatar Company for Meat and Livestock Trading "MAWASHI" announced that the operational activities are the reason behind the rise in profits during the first half of the current year. Mawashi's Managing Director and Chief Executive Officer (CEO) Ahmed Nasser Seraiya Al-Kaabi, explained during a press conference on the financial results for the first half of this year, that the company logged profits that reached 41.7 million during the first half of this year compared to 18.5 million riyals in the same period of 2011, noting that the company's earnings are 100% operational. Financially, Al-Kaabi said that the first half of this year sow a 125% appreciation on the MAWASHI share price. He added that the company sales increased by 38 per cent, compared to the first half of 2011. Qatar Company for Meat and Livestock Trading "MAWASHI" is listed on the Qatar Stock Exchange. It was established in 2004 to meet the needs of the Qatari market of meat and livestock. The company specializes in the trade of livestock, meat and animal feed as well as the management of slaughterhouses. It manages automated and traditional slaughterhouses in addition having a branch in Sudan for meat and animal feed trade. (QNA)