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Mannai Corp. nine-month profit soars, so does its share price

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Qatar: The QE 20 Index added 0.10% to reach 8,542.14 points. Multi-industrial group Mannai Corporation jumped four percent to hit QR99.80. Earlier in the day, Mannai Corp. said its interim financial statements revealed a net profit of QR258.4m for the nine months period ended September 30, in comparison to a net profit of QR203.6m for the corresponding period last year. In March this year, Mannai bought Dubai-based jewelry trading firm Damas for $445m. Danas shares were consequently de-listed from the NASDAQ Dubai. [AMEInfo.com]

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