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02-03-14

Qatar's Mannai net profit up 16.3 percent in 2013

(MENAFN) Qatar"s Mannai Corporation Group"s said that its net profit in 2013 increased 16.3 percent, The Peninsula Qatar reported. The company said net profit hit USD147.88 million in the year as international acquisitions contributed 61 percent of the profits. Revenue hit USD1.5 billion in 2013, increasing 17.5 percent from 2012"s USD1.28 billion. "Our international diversification strategy has contributed 51 percent of revenues from international operations," Mannai CEO and Director said.