Aamal Company announced its financials for the first six months ended June 30, 2014. The company reported a net of QAR169.9m, up 30.6 percent compared to QAR130.1m for the corresponding period in 2013.

However, gross profit of the real estate major stood at QAR246m during the H1, 2014, up 19.2 percent compared to QAR206.3m for the same period in 2013. Earnings per share (EPS) of the Group jumped up 22.7 percent at QAR0.27 as on June 30, 2014 against QAR0.22 a year earlier.

Where as revenues of the Group, claiming to be one of the fastest growing diversified companies in the GCC region, crossed a billion marks, which increased by 14.2 percent to QAR1.1bn in H1, 2014 from QAR959.6m in H1, 2013.

Net investment in capital expenditure declined to QAR38.7m down by over 52 percent against QAR81.9 in H1, 2013, the majority of which was driven by Advanced Pipes and Casts Company and Aamal Readymix’s upgrade of its fleet, said a statement issued by the company.

Sheikh Faisal bin Qassim al Thani, Chairman of Aamal Company, said: “I am pleased to report outstanding H1 results, with net profit growing by 30.6 percent and total revenue growing by 14.2 percent compared with the corresponding period in 2013.”