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FINANCIAL NEWS
Qatar-Aamal Group revenue grows by 6.4pct in Q1
27 Apr 2017
(MENAFN) Aamal Co. QPSC, one of the GCC’s fastest increasing firms has reported gross revenue of QR184.2mn for the first quarter of the year, up 6.4 percent compared to QR173.2mn in 2016.
However, the Group’s revenue for the cited quarter dropped by 9.1 percent to QR139.7mn compared to QR153.7mn in Q1 of 2016.
Accordingly, the first quarter of this year has seen revenues increase very strong, by more than 22 percent, which has been driven by a combination of organic and acquisition.
In addition, this year will see the benefits of the Phase 2 development works at City Center Doha starting to come amid with the handover of the first new retail outlets.
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MENAFN2704201700450000ID1095424045
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