ID :
365051
Sun, 04/26/2015 - 22:36
Auther :

Al Meera records increase in sales and net profit in First Quarter 2015

Doha, April 26 (QNA) - Al Meera Consumer Goods Company announced Sunday a net profit of QR 43.1 million during the first quarter of 2015. The figure is a 9.9% increase on the QR39.2 million profits achieved during the same period of last year. Disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 43.1 Million in comparison to QR 39.2 Million for the corresponding period in 2014. Earnings per Share (EPS) amounted to QR 2.15 as in the first quarter of 2015, compared to QR 1.96 of the same period in 2014. Sales in first quarter of 2015 grew by 11%, from QR 508.4 million to QR 564.1 million, compared to the same period in 2014. In the first quarter of 2015, the company has already opened its new branches in Muaither and Azizia, and did the soft opening for the Muraikh and Gulf Mall. In order to achieve a wider spread that satisfies its customers, Al Meera is ready to inaugurate six other branches this year in Jeryan Nejaima, Thakhira, Al Wakra, Al Thumama, Al Wajba and Rawdat Ekdeem. The aforementioned stores will be opening their doors weeks’ apart, one after the other. Furthermore, Al Meera is currently establishing 14 shopping centers in Sailiya North, Bu Sidra, Al Wakra2, Umm Salal, Leabaib 1, Leabaib 2, Rawdat Aba El-Herran, Azghawa, Al Khor, Um Qarn, Rawdat Al Hamama, Jeryan Junaihat, Al Sailiya, and Ain Khaled. Deputy CEO of Al Meera Dr. Mohammed Nasser Al Qahtani said in a statement released to the press today that the increase in sales and net profit was a result of "careful planning and an ambitious expansion plan that has been underway since 2014." He added that the company is looking to diversify its look. "In addition to supermarkets, Al Meeras modern branches will include a variety of restaurants and much more," he said. Al Qahtani added that the company's expansion plan is in line with Qatar National Vision 2030 in terms of developing new areas in the state. (QNA)

X