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FINANCIAL NEWS
Qatar’s Mannai Corp revenue up 11 percent in H1
16 Aug 2015
(MENAFN) Mannai Corporation QSC announced its half year results. Mannai Group revenue increased by 11 percent to USD850.57 million in the first half of this year from the same period in 2014.
Gross profit increased by 30 percent boosted by a strong contribution from infrastructure projects in Qatar. It logged ‘other Income’ of USD84.72 million in the period, up from USD13.63 million on-year.
The rise was mainly due to the significant level of one-off income in DAMAS in the first half of 2014 from the culmination and success of the turnaround activity and restructuring of the DAMAS business.
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