Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Aamal posts QR512m net profit in 2013  Join our daily free Newsletter

MENAFN - The Peninsula - 23/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The annual net profit (after fair value gains on investment properties) of Aamal Company for 2013, ended December 31, decreased to QR512m, down by18 percent compared to QR624.5m in 2012



The Board of Directors of Aamal yesterday announced the financial results for full year ended December 31, 2013



Aamal, according to a statement issued yesterday, reported a 14.14 percent decline in the earnings per share (EPS) to QR0.85 in 2013, compared to QR0.99 in 2012



However, the net underlying profit (before fair value gains on investment properties) of the company, ended December 31, 2013, increased to QR267.2m, up 13.4 percent compared to QR235.7m in 2012. The revenues of the group increased to QR2.12bn in 2013, witnessing a growth of about 2.5 percent compared to QR2.07bn during 212.




Amal reported net underlying profit margins of 12.6 percent in 2013, which was 11.4 percent in the previous year (2012). The fair value gains on investment properties in 2013 declined to QR245.1m, nearly 37 percent down compared to QR388.8m in 2012.



The adjusted underlying earnings per share in 2013 increased 27 percent to QR0.44 compared to QR0.34 in 2012. Gross investment in capital expenditure of the group fell by 34.8 percent to QR157.6m against QR241.8m in 2012 driven by the completion during the year of Phase 1 of the City Center Doha expansion project and the Advanced Pipes and Cast Company plant



Sheikh Faisal bin Qassim Al Thani, Chairman of Aamal Company, said: "We have managed to grow both revenues and expand margins, thereby improving the overall quality of earnings.


 


The Peninsula




  MENA News Headlines
 May 31 2016 - Joint Statement on Aerial Bombardment in South Kordofan and De Facto Expulsion of OCHA HeadMENAFN Press
(MENAFN Press) Joint Statement on Aerial Bombardment in South Kordofan and De Facto Expulsion of OCHA Head WASHINGTON D.C., United States of America, May 31, 2016/APO (African Press Organization)/ ...

 May 31 2016 - U.S.-Egypt Engagement in Advance of Global Entrepreneurship SummitMENAFN Press
(MENAFN Press) U.S.-Egypt Engagement in Advance of Global Entrepreneurship Summit CAIRO, Egypt, May 31, 2016/APO (African Press Organization)/ -- The United States Embassy is hosting Ziad Haider, ...

 May 31 2016 - Orange announces improved Internet connectivity in the Middle East with the launch of a new IP Point of Presence in Amman, JordanMENAFN Press
(MENAFN Press) Orange announces improved Internet connectivity in the Middle East with the launch of a new IP Point of Presence in Amman, Jordan PARIS, France, May 31, 2016/APO (African Press ...

 May 31 2016 - Qatar- Top North Korean Official Makes Surprise Visit to ChinaQatar News Agency
(MENAFN - Qatar News Agency) Seoul, May 31 (QNA) - A top North Korean official made a surprise visit to China on Tuesday, in a potential sign of Pyongyang's latest attempt to mend fences with its ...

 May 31 2016 - Qatar- UN Condemns Attack which Killed Five Peacekeepers in MaliQatar News Agency
(MENAFN - Qatar News Agency) New York, May 31 (QNA) - The United Nation Secretary-General Ban Ki-moon condemned the deadly attack that took place Sunday in the Mopti region, in Mali, against a convoy ...

 May 31 2016 - Qatar- UN Envoy to Yemen: Violations to Cessation of Hostilities in Yemen UnacceptableQatar News Agency
(MENAFN - Qatar News Agency) Kuwait, May 31 (QNA) - The UN Special Envoy to Yemen Ismail Ould Cheikh Ahmed expressed concerns about violations of cessation of hostilities by some parties in ...

 May 31 2016 - Qatar- Saudi Air Defense Forces Intercepts Ballistic Missile Launched from YemenQatar News Agency
(MENAFN - Qatar News Agency) Riyadh, May 31 (QNA) - The command of the alliance to support legitimacy in Yemen announced in a statement late on Monday that the Royal Saudi Air Defense Forces ...

 May 31 2016 - Qatar- Kerry to Start Foreign Tour on ThursdayQatar News Agency
(MENAFN - Qatar News Agency) Washington, May 31 (QNA) - US Secretary of State John Kerry will travel to France, Mongolia and China on Thursday, the US State Department said in a statement. Kerry ...

 May 31 2016 - Qatar- Larijani Re-Elected as Iranian New Parliament SpeakerQatar News Agency
(MENAFN - Qatar News Agency) Tehran, May 31 (QNA) - Ali Laijani was re-elected as the speaker of the new Iranian parliament on Tuesday. With 237 votes in his favor, he will serve in the capacity ...

 May 31 2016 - Qatar- Minister of State for Defence Affairs Meets British Foreign SecretaryQatar News Agency
(MENAFN - Qatar News Agency) Doha, May 31 (QNA) - HE the Minister of State for Defence Affairs Dr. Khalid bin Mohammed Al Attiyah met on Tuesday with British Foreign Secretary Philip Hammond and his ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help