Aamal announces net profit of QR103m in Q1 of 2015

Aamal Company QSC (Aamal), one of the GCC’s fastest growing diversified companies,disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 103 Million in comparison to QR 82.7 Million for the corresponding period in 2014.

The Earnings per Share (EPS) amounted to QR 0.16 as of March 31, 2015 versus QR 0.13 of the same period in 2014.

Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal commented : "2015 has got off to a very strong start, with net profit up by almost 30% for the first three months compared to the same period last year. Of particular importance is the quality of this growth, which was driven by margin expansion. Our focus has always been on producing returns that are both profitable and sustainable; to date, this has been achieved through first identifying potential opportunities, and then after their careful appraisal, proceeding to establish strong foundations that will underpin this growth. Nowhere is this better illustrated than by our industrial manufacturing division which now makes up almost 60% of our gross sales.

"Yet we should not overlook the contribution of other sectors as we look to consolidate and enhance our current leading market positions elsewhere across the economic spectrum.