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FINANCIAL NEWS
Qatar-Mannai posts QR220m profit in H1
11 Aug 2016
(MENAFN) Mannai Corporation posted a net profit of Q220m for the first half of this year, which touched QR2.5bn.However, the decline in net profit was attributed to difficult market conditions in the retail and luxury segment and general economic slowdown.On the other hand, the firm concluded the acquisition of majority stake in GFI Informatique, a listed firm in France among this year.In addition, the company is predicted to become an international player with operations in Europe, Africa, GCC and Asia.
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