Qatari Aamal’s net profit surges 18.2 percent in Q3

03 Nov 2014

(MENAFN) Aamal Company (Aamal) reported an increase in its net profit by 18.2 percent, reaching USD34.78 million for the July-September of 2014, compared to USD29.40 million registered during the same period in 2013, The Peninsula Qatar reported.

The company said that its revenue during the third quarter of this year reached USD138.68 million, declining by 10.8 percent compared to USD155.43 million in the same quarter last year.

During the January-September period of this year, the net profit reached USD81.43 million, up 25 percent compared to USD65.12 million earned during the same period last year, while revenues amounted to USD439.32 million, up 4.9 percent compared to USD417.35 million registered during the corresponding period last year.

“For the first nine months of 2014, Aamal has achieved high growth in its net profit by 25 percent, an impressive performance. This is the result of our success over many years in managing and diversifying the Company to support and take full advantage of Qatar’s rapid economic growth and diversification,” Aamal Chairman said.

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