(MENAFN- The Peninsula)
DOHA: Al Meera Consumer Goods Company has disclosed its semi-annual financial statements for the period ended June 30, 2016, with net profit attributable to the owners of the company amounting to QR102.4m.
For the first half of the year, the company recorded gross profit of QR215.4m, representing an 8 percent increase. Meanwhile, gross shops rental income increased by 50.1 percent from QR23.3m last year, to QR34.9m this year. Al Meera";s operating income also increased by 10.6 percent compared to the same period in 2015.
Al Meera";s sales for the first half of this year grew 10.6 percent, from QR1.22bn to QR1.35bn, compared to the same period in 2015.
Total equity stood at QR1.33bn on a capital base of QR200m, and earnings per share for the period was QR5.12, a 1.5 percent increase from H1 2015.
Al Meera said it is in the process of finishing the final stages for opening five stores out of the 14 announced last year, which are due to be open in the near future in Bu Sidra, North Sailiya (Al Miarad), Al Wakra (West), Leaibab 2, and Um Salal Ali.
Al Meera";s new community malls are constructed in a modern and contemporary design and each mall includes a supermarket, along with shops, restaurants and other stores. They are constructed in accordance with international standards and equipped with the latest interior designs and lighting systems that ensure a distinctive shopping experience.
The Peninsula