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FINANCIAL NEWS
Qatari Mannai posts 21% rise in 2011’s profit
01 Mar 2012
(MENAFN) Mannai Corporation said that net profit for 2011 jumped 21 percent to USD76.57 million, reported The Peninsula.
The company added that net assets at the end of the year reached USD384 million.
The conglomerate also said that revenue in the period reached USD631 million, with an increase of 16 percent from 2010’s USD548 million.
It is worth noting that Mannai Corporation runs a broad range of trade and service businesses, including working with customers in the oil and gas, commercial, retail and Government sectors.
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