MANNAI CORPORATION Q.P.S.C. Mannai Corporation concluded the acquisition of majority stake in GFI Informatique, a Public Listed company in France during the current year.
With this acquisition, the company is well positioned to become a truly global player with operations in Europe, Africa, GCC and Asia.
The net profit decline was due to depressed market conditions in the retail / luxury segment and general economic slowdown.
However, with diversified earnings potential from across the various business segments and geographies the group is cautiously optimistic of the future.
Mannai Corporation QSC published this content on 11 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 August 2016 05:42:10 UTC.
Original documenthttp://www.mannai.com/news/new-document/august/mannai-reports-net-profit-of-qr-220-million-on-rev
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