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FINANCIAL NEWS
Al Meera Qatar posts USD 13.5mn net profit in Q1
28 Apr 2016
(MENAFN) Al Meera Consumer Goods Co. has recorded a net profit of USD 13.5mn for Q1 of the recent year, up 14.6 percent compared to USD 11.82mn of 2015.
Moreover, sales of the firm in the cited quarter increased by 13.7 percent to reach USD 175.93mn compared to USD 154.78mn in the same period of 2015.
Additionally, shops rental income also grew across the quarter by 52.4 percent to USD 4.80mn from USD 3.15mn for the same period of 2015.
The positive achievements of the firm have contributed to increasing its sales by 13.7 percent in the cited quarter of this year.
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