ID :
200424
Wed, 08/10/2011 - 14:16
Auther :
Shortlink :
http://m.oananews.org//node/200424
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Mannai Corporation Discloses Financial Statements
Doha, August 10 (QNA) - Mannai Corporation has reported a net profit of QR 140.5 million in the 6 month period ended 30th June, 2011 which is up by 11% compared to QR 126.1 million in the first half of 2010. Turnover also increased by 13% to QR 1.1 billion.
The growth in Net Profit builds on the 25% increase in profit achieved in the year ended 31st December, 2010.
Return on Equity in the first half of 2011 rose to 34% compared to 27% for the year ended 31st December, 2010, the company said in a press release issued by Qatar Exchange website.
Earnings per share rose to QR 4.93 compared to QR 4.42 in the first half of 2010.
Alekh Grewal, Chief Executive Officer said: "During the first half of this year, we have started laying the foundations to capitalize on the new opportunities arising out of Qatar hosting FIFA 2022." (QNA)
The growth in Net Profit builds on the 25% increase in profit achieved in the year ended 31st December, 2010.
Return on Equity in the first half of 2011 rose to 34% compared to 27% for the year ended 31st December, 2010, the company said in a press release issued by Qatar Exchange website.
Earnings per share rose to QR 4.93 compared to QR 4.42 in the first half of 2010.
Alekh Grewal, Chief Executive Officer said: "During the first half of this year, we have started laying the foundations to capitalize on the new opportunities arising out of Qatar hosting FIFA 2022." (QNA)
