Nass Corp earns $10.7m in first quarter

12 May 2010

(MENAFN) Nass Corporation earned a net profit of $10.7 million for the first quarter of this year, up from $9.62 million for the same period last year, Gulf Daily News reported.

Nass chairman Abdulla Ahmed Nass said that it was heartening to note that despite a fall in turnover this quarter by 5.97 percent, the company had enhanced its net profit margin by 11.44 percent.

The robust performance of the company demonstrates its strong fundamentals and we are glad to inform our shareholders that Nass continue to maintain its growth despite difficult market conditions in the region, he added.

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