Mannai Corporation reports higher half-year profit, shares close even

The QE Index added 0.20% to close at 8,416.46 points. Shares of mixed industrial conglomerate Mannai Corp. ended flat at QR88.20. Earlier in the day, Mannai said that its reviewed financial statements for the period ending June 30, 2012 revealed a net profit of QR168.6m in comparison to QR140.5m for the same period last year.

Advertisement

The company’s Earning per Share (EPS) amounted to QR4.93 as of June 30, 2012 versus QR4.93 for the corresponding period in 2011. Earlier in the year, Mannai and Egyptian EFG Capital Partner took over regional jewelry group Damas in Dubai following an offer at $445 to Damas shareholders.

source: Ameinfo