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FINANCIAL NEWS
GCC Aamal’s Company income jumps 49.6 percent
16 Feb 2016
(MENAFN) Aamal Company, one of the GCC’s fastest increasing expanded conglomerates proclaimed its revenue of USD 0.78bn for the whole year of 2015.
Moreover, the company’s gross income up 26.9 percent to USD 174.19mn, while it’s underlying profit grew 49.6 percent to USD 141.4mn on year-on-year.
“Aamal has delivered an exceptional performance in 2015, Beyond what is an excellent set of numbers, is a clear strategy that has allowed us to achieve growth,” said Chairman.
In addition, revenue for the firm’s Industrial Manufacturing division grew by 144.5 percent to USD 34.29mn, trailed by notable revenue increase of more than 50 percent.
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