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Al Meera net profit hits USD27.68m in H1

13 Aug 2015

(MENAFN) Al Meera Consumer Goods Company said it recorded a USD27.68 million in net profit in the January-June period of 2015, backed by strong expansion plans and a 13 percent sales rise.

Profits from Al Meera’s retail segment rose 95 percent to USD18.21 million compared with the same period in 2014, while profit from the leasing segment rose 14 percent from USD4.96 million to USD5.67 million.

Al Meera’s sales for the first half of this year grew 13 percent from USD296.29 billion to USD334.7 million. However, profit from the investment segment slipped to USD3.81 million.

“These financial results come as a result of Al Meera’s expansion plans to serve the diverse communities in the state of Qatar and meet the needs of all citizens and residents wherever they are,” CEO said.

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