DOHA: Mannai Corporation Group results for the third quarter of 2016 (Q3, 16) improved significantly to QR123m net profit, compared to QR103m for the same period last year.
Following Mannai’s acquisition earlier this year of a majority stake in GFI Informatique, a public listed company in France, the Group’s level of profits from Associates and Joint Ventures has grown by 59 percent to QR77m in the 9 month period to 30th September, compared to QR48m in the previous year.
For the 9 month period ending September 30, 2016 Mannai’s net profit was QR343m compared to QR 379m for the same period last year.
Alekh Grewal, Group CEO and Director said “the business of GFI Informatique, an IT conglomerate with operations in Europe and North Africa, has further diversified Mannai’s revenue stream
