Browse
related articles
Qatar's Mannai Group posts 43% jump in net profit
- Qatar: Monday, March 04 - 2013 at 06:26
Qatar's Mannai Corp has said its successful acquisition of UAE-based jeweller Damas in the second quarter of last year has pushed by 43% its full-year net profit to QR400m compared with the previous year, Gulf Times has reported. The company's turnover increased by 108% to QR4.77bn in 2012, compared with QR2.29bn in the same period of 2011. "Mannai's acquisition in 2012 of a 66% stake in Damas is a defining moment in the history of the company. With this acquisition the company has taken a major step forward achieving a revenue exceeding $1.3bn," said the chief executive of Mannai Corp, Alekh Grewal.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
