DOHA: Mannai Corporation reported a net profit of QR220m for the first half of 2016. The revenue touched QR2.5bn. The net profit decline was due to depressed market conditions in the retail / luxury segment and general economic slowdown.
However, with diversified earnings potential from across the various business segments and geographies, the group is cautiously optimistic of the future, it said in a statement yesterday.
Mannai Corporation concluded the acquisition of majority stake in GFI Informatique, a public listed company in France during the current year. With this acquisition, the company is well positioned to become a truly global player with operations in Europe, Africa, GCC and Asia.
The Peninsula
DOHA: Mannai Corporation reported a net profit of QR220m for the first half of 2016. The revenue touched QR2.5bn. The net profit decline was due to depressed market conditions in the retail / luxury segment and general economic slowdown.
However, with diversified earnings potential from across the various business segments and geographies, the group is cautiously optimistic of the future, it said in a statement yesterday.
Mannai Corporation concluded the acquisition of majority stake in GFI Informatique, a public listed company in France during the current year. With this acquisition, the company is well positioned to become a truly global player with operations in Europe, Africa, GCC and Asia.
The Peninsula
