Mannai
Corporation's Profit Rises 0.4% to QR535.1 Million
February 28, 2017
Mannai 's net profit is
QR535.1 compared to QR 532.8m for the same period of the
previous year. EPS amounted to QR11.73 compared to QR11.68 for
the same period of the previous year. The company has
recommended 40% cash dividend.
The Group's
Comment
Mannai's operational income
increased by 11.8% to QR1184.7 million in 2016. Other sources of
income and revenues from associate companies also increased by
61.3% to QR332.2 million. Administrative and public expenses
declined by 9.8% to QR743.4 million. Deducting financing cost
worth QR 127.7 million, amortization worth 108.3 million, taxes,
then net profit attributable to shareholders settles at QR 535.1
million, slightly up from last year.
The company also incurred losses worth QR129.7 million as
result of negative exchange rates, which reduced the
comprehensive income to QR 405.3 million.
|