Al Meera Consumer Goods Company has recorded a "major growth" in its net profit and earnings per share. Al Meera deputy chief executive officer Dr Mohamed Nasser al-Qahtani said the company's net profits (ending in June 30, 2014) jumped by 95.9% from QR57.6mn to QR112.8mn compared to the same period in 2013.
He added that the company's earnings per share (EPS) stood at QR5.64 as of June 30, 2014 compared with QR3.16 in the year-ago period in 2013.
"The latest financial results come as the company maintains its expansion plans to serve the diverse communities in Qatar and meet the needs of all citizens and residents wherever they are, with competitive prices that take into account all segments of society," al-Qahtani said. Al Meera aims to achieve "greater profitability" for its shareholders, he added.
"Al Meera is working in its full potential to get the construction phase of the new malls accomplished by the end of the fourth quarter of 2014 in order to achieve a wider spread that satisfies its customers," al-Qahtani said.
Once the authorisations and permits required by the authorities concerned are issued, al-Qahtani said, the company will be opening nine new branches in Al Wakrah, Al Thumama, Al Wajba, Muaither, Al Azizia, Takhira, Al Muraikh, and Jeryan Nejaima, as well as a branch at a rented property in the Gulf Mall, which is set to be open soon.
"The recent opening of the Legtaifiya branch is proof of Al Meera's constant intention to enhance services, diversify consuming goods for customers, and to offer a unique shopping experience in a comfortable and newly-equipped spacious place, operating 24/7 in order to fulfil our customers' needs any time they want," al-Qahtani said.
He added that the selling area of Al Meera supermarket at Legtaifiya reaches 850sqm, while the total area of the branch is around 3,125sqm.
Al Meera's new branches are constructed in a modern and contemporary design, which includes a supermarket, shops, restaurants, and other stores.
The malls are also constructed in accordance with international standards with the latest interior designs and lighting systems to ensure a distinctive shopping experience, the company said.
© Gulf Times 2014
