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Mannai Corp Q3 profits rise 20.3%

Mannai Corp Q3 profits rise 20.3%
profits decreased 9.5% in 9M (Photo Credit: Arabianeye-Reuters)
Mannai
MCCS
-1.27% 3.90 -0.05

Doha – Mubasher:  Mannai Corp achieved a growth of 20.3% in profits during the third quarter of 2016 as compared to the same period a year ago.

Earnings amounted to QAR 123.3 million ($33.85 million) in Q3-16, compared with QAR 102.5 million ($28.14 million) in Q3-15, according to a bourse statement issued Monday.

During the first nine months of 2016, profits decreased 9.5% to QAR 342.9 million from QAR 378.8 million in the corresponding period of 2015.

Earnings per share shrank to QAR 7.52 in the nine months of 2016 from QAR 8.30 in the same period of the prior year.