31 July 2006
Dubai: Qatar-based Salam International, a Qatari shareholding company, yesterday announced a 114 per cent increase in profit for the first half of the year.
The company said net earnings soared to 49.6 million Qatari riyals in the first six months of the year, from 23.2 riyals million in the same period last year.
The earnings per share reached 60 riyals in the first half of 2006, from 50 riyals in the first half of last year. A huge chunk in the earnings represents "operational profits," the company said.
"The increase of profits includes the increase of profit achieved by the companies' subsidiaries, profit achieved by the merged Salam Group and its subsidiaries, and the increasing of the company's capital," Salam International said in a statement.
Gulf News 2006. All rights reserved.
