Al Meera Announce Semi-Annual Financial Results for 2016

Al Meera Consumer Goods Company (QSC) recently 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 QR 102.4 million. 
In a statement issued today, Al Meera said that for the first half of the year, the company recorded gross profit of QR 215.4 million, representing an 8.0% increase, despite a drop in gross profit percentage from 16.3% (last period) to 16.0% (this period). Meanwhile, gross shops rental income increased by 50.1% from QR 23.3 million last year, to QR 34.9 million this year. Al Meera’s operating income also increased by 10.6% compared to the same period in 2015. 
Al Meera's sales for the first half of this year grew 10.6%, from QR 1.22 billion to QR 1.35 billion, compared to the same period in 2015. 
The statement added that as of June 30, 2016, total equity stood at QR 1.33 billion on a capital base of QR 200 million, and earnings per share for the period was QR 5.12, a 1.5% increase from H1 2015.

Source : QNA