(MENAFN - Arab News) Al-meera consumer goods company (qsc) announced its financial results for the first quarter of 2014 ended march 31 with a record net profit attributable to the owners of the company of qr39.2 million as compared to qr5.7 million for the same period in 2013 an increase of 52.12 percent.
sales in first quarter of 2014 grew by 14.56 percent from qr443.8 million to qr508.4 million compared to the same period in 2013.
last year al-meera increased total retail space by 4100 square meters. in 2014 al-meera has eight malls currently under construction and 1 store under fit out with all expected to be completed later in 2014. the malls are located at al-wakra al-thumama al-wajba muaither al-azizia al-thakira muraikh and jeryan nujaima in addition to the rented store located in the gulf mall (1750 square meters).
these new malls currently under construction are part of the company's promises to deliver on its expansion plans during 2014 and 2015 in order to sufficiently serve all of qatar's communities covering the needs of all the country's residents wherever they may be located with competitive prices targeted at all segments of society.
all new malls will be built to stringent international standards and outfitted with the latest interior design style and modern lighting system and will have the 'look and feel" similar to that of lqutaifiya mall. the contemporary concept will cover all of al meera's supermarkets shops restaurants and other stores.