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Monday May 21st 2012

Qatar industrial giant sees H1 revenues rise by 60%


Qatar industrial giant Aamal said on Sunday that revenues for the first six months of 2010 rose more than 60 percent compared to the same period last year.

The conglomerate, which in January announced it had signed a deal with Argentinian transport infrastructure firm Cometrans Group, to develop the rail system in Qatar, saw revenues rise to to QR566.9m.

In a statement, the company added that gross profit increased 17.9 percent to QR178.8m. No figure was given for net profit.[Read More]

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