The Qatar based diversified automotive, construction and services group Mannai Corporation QSC announced its first quarter results for the period ended 31st March 2015 on April 23.
Financial highlights, on a consolidated basis, included:
Mannai Corporation reported a net profit of QR 165.2 million for the three month period ended 31st March, 2015, which is an increase of 10 percent over the same period of 2014. Revenue increased 14.33 percent compared to the same period last year.
Alekh Grewal, Group Chief Executive Officer & Director said, “This was an outstanding quarter with exceptional core earnings growth in our businesses. Despite the continuing weak Oil and Gas prices, we remain optimistic that the new infrastructure projects will continue to provide opportunities. We are well positioned to secure our fair share of these projects”.