Qatar-based Aamal Company, a leading diversified company in the GCC, has posted a net profit of QR305.5 million ($83.8 million) for the first half of 2016, said a report.

The company’s net profit registered an increase of 23.5 percent, as compared to QR247.4 million ($67.9 million) recorded at the end of the same period in 2015, added the Peninsula Qatar report.

During the first half of this year, the company’s revenue rose marginally by 3 per cent to QR1.39 billion ($381.7 million) as compared to QR1.35 billion ($370 million) in H1 of 2015. Earnings per share were up 17.1 per cent to QR0.41 as compared to QR0.35 during the corresponding period in 2015, it said.

Net investment in capital expenditure rose by QR14.1 million ($3.87 million) to QR60.1 million ($16.5 million) as compared to QR46 million ($12.6 million) earlier, reflecting fleet expansion at the company’s subsidiary, Aamal Maritime Transportation Services, and the ongoing Phase 2 redevelopment works at the City Center Doha shopping mall, added the report.