Quotes: US 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 2012.



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.


 






  MENA News Headlines
 Aug 28 2014 - IMF chief Christine Lagarde under investigationKhaleej Times
(MENAFN - Khaleej Times) The source said Lagarde who earlier was questioned by magistrates in Paris under her existing status as a witness considered their decision to investigate her for alleged ...

 Aug 28 2014 - Modi slams whispering campaign against home ministerKhaleej Times
(MENAFN - Khaleej Times) Rajnath Singh gave an emotional statement to the media saying he would quit public life if reports about his adult son proved to be true.Indian Prime Minister Narendra Modi ...

 Aug 28 2014 - Work-shirkers in in Indian tax dept to face musicKhaleej Times
(MENAFN - Khaleej Times) As part of Prime Minister Modis Clean India Campaign the CBDT also asked its controlling and administrative officers to conduct surprise checks of the staff attendance and ...

 Aug 28 2014 - PM should apply wisdom on tainted MPs says Indian SCKhaleej Times
(MENAFN - Khaleej Times) Top court says people with criminal record are not expected to become part of government.India’s top court said Wednesday lawmakers with criminal backgrounds should not ...

 Aug 28 2014 - Indian PM Narendra Modi eyes breakthrough nuclear pact on Japan tripKhaleej Times
(MENAFN - Khaleej Times) Narendra Modi travels to Japan on Saturday for a five-day visit his first major bilateral trip since taking over in May.India is hoping to win Japanese backing for a nuclear ...

 Aug 28 2014 - Season II of 24 will be as thrilling as first one promises Anil KapoorKhaleej Times
(MENAFN - Khaleej Times) Anil who featured in the eighth season of the US version of the show played Anti-Terrorist Unit chief Jai Singh Rathod in the desi version which he produced for channel ...

 Aug 28 2014 - Breaking Bad and Modern Family bag trophies at glitzy Emmy AwardsKhaleej Times
(MENAFN - Khaleej Times) ABCs Modern Family won a fifth best comedy series Emmy tying the record set by Frasier while the final season of AMCs Breaking Bad captured the top drama award and a trio of ...

 Aug 28 2014 - Bipasha Basus double date with DubaiKhaleej Times
(MENAFN - Khaleej Times) Bipasha will walk the ramp for India Fashion Week that is being held from 4-6 September at Jumeirah Emirates Towers.Bollywood hottie Bipasha Basu will be in Dubai for two ...

 Aug 28 2014 - Katrina Kaif's sister to dance to 'Dal Makhani'Khaleej Times
(MENAFN - Khaleej Times) Katrina Kaif keeps close watch on sister Izabelles debut movie Dr.Katrina Kaif’s sister Izabelle loves Indian food specially Dal Makhani. So the team of Indo-Canadian ...

 Aug 28 2014 - Morais opens up on his novel 'The Hundred-Foot Journey'Khaleej Times
(MENAFN - Khaleej Times) We speak to Hundred-Foot Journey author Richard C.A deep love of food and and an old friendship prompted journalist and author Richard C. Morais to write his cross-cultural ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help