Mannai Corporation posts QR535m net profit

01/03/2017 06:18 AST

Mannai Corporation Group reported a record net profit of QR535m for the full-year ended December 2016. The group's revenue touched QR4.88bn during the period.

The financial results were announced after the board meeting. Sheikh Suhaim bin Abdullah Al Thani, chaired the meeting.

The company is glad to announce that it increased the net profit to QR535m from the previous year's QR533m, despite difficult market conditions in the region, he said. The earnings per share (EPS) improved to QR11.73 and return on equity stood at 22 percent. The company has recommended 40 percent cash dividend for 2016, which would be presented before the shareholders at the annual general assembly meeting.

Earnings from GFI Informatique acquired during the year helped in reporting another year of record profit. The company's strategy of diversifying its earnings geographically and across different business segments has enabled the company to maintain its level of profits and is well positioned to take advantage of its diverse capabilities across the various business segments and geographies.


The Peninsula

News

Mannai Corp gets nod for $600mn bond issuance

01/03/2018

Mannai Corporation's shareholders yesterday accorded approval to its $600mn (QR2.18bn) bond, which is expected to hit the market by the second week of April.

The Qatari company, which last

Gulf Times

Mannai Corp EGM approves AoA amendments

04/12/2017

Mannai Corp held its Extraordinary General Assembly Meeting yesterday at Intercontinental Hotel, Al Wajba Ballroom.

The meeting, chaired by Sheikh Suhaim bin Abdulla al-Thani, vice chairman

Gulf Times

Mannai Corp to avail of Commercial Bank's online trade portal

19/11/2017

Commercial Bank's Transaction Banking Department has partnered with Mannai Corporation by implementing the bank's Corporate Trade Portal. Commercial Bank's Corporate Trade portal is a user-friendly p

Gulf Times

Most Viewed Companies

Ticker Price Volume
DU 6.55 441,215
A.OTHAIMMARKET 11.90 545,416
ALRAZI 43.00 800
MIRAL 86.10 2,026
OSOOLANDBAKHEET 47.95 50
WSM 37.90 2,514
IGRD 1.75 3,171,955

Valuation

MCCS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
QFLS 15.32 0.08 (0.52%)
ZHCD 13.58 0.01 (0.07%)
MERS 14.76 0.24 (1.65%)
BLDN 1.35 -0.02 (-1.25%)
MEZA 3.24 -0.10 (-2.88%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap