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FINANCIAL NEWS
Qatar’s Aamal profit up 30.6 percent in H1
27 Jul 2014
(MENAFN) Qatar-based Aamal Company said its net profit for the first half grew 30.6 percent reaching USD46.62 million compared to USD35.70 million in the same period 2013, according to the Peninsula Qatar.
The company’s gross profit in real estate sector reached USD67.51 million in the first half of 2014, up 19.2 percent from the same period 2013 which was USD56.61 million.
Net investment in capital expenditure dropped by 52 percent to USD10.62 million compared to USD22.47 million in the first half of 2013, the majority of which was driven by Advanced Pipes and Casts Company and Aamal Readymix”s upgrade of its fleet.
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