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FINANCIAL NEWS
Qatar’s Aamal net profit grows by 23.5 percent
26 Jul 2016
(MENAFN) Aamal Co., one of GCC’s fastest growing firms, posted a net profit of USD83.82mn for the first half of 2016, up 23.5 percent, compared to last year’s USD67.87mn.
Moreover, the firm’s revenue increased by 3 percent to USD0.38bn compared to USD0.37bn in the cited half of last year.
Additionally, net investment in capital expenditure grew by USD3.86mn to USD16.48mn as compared to USD12.62mn.
On the other hand, whole revenues increased by 4.6 percent, which together led to overall net profit increasing by 91.8 percent to USD32.1mn.
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