Qatar: Mannai Corporation gross profit grows 7.3% to $74.45mln in Q1
Doha: Mannai Corporation (Qatar Exchange: MCCS) reported a 7.3% increase in gross profit, reaching QR271m on consolidated revenue of QR1.3bn for the first quarter of 2025
The Group earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) for the period grew by 3% to QR134m compared to QR130m for the same period last year.
Group Earnings before Interest and Taxes (EBIT) also grew by 5% for the period to QR86m compared to QR82m for the same period last year.
The Group net profit before tax for the period increased by 21% to QR35m for the first quarter compared to QR29m for the same period last year.
Mannai Corporation continues to actively pursue participation in domestic projects, focusing on ongoing and future developments within the country.
© Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
The Peninsula Newspaper

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
01-05-2025
- Zawya
Qatar: Mannai Corporation gross profit grows 7.3% to $74.45mln in Q1
Doha: Mannai Corporation (Qatar Exchange: MCCS) reported a 7.3% increase in gross profit, reaching QR271m on consolidated revenue of QR1.3bn for the first quarter of 2025 The Group earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) for the period grew by 3% to QR134m compared to QR130m for the same period last year. Group Earnings before Interest and Taxes (EBIT) also grew by 5% for the period to QR86m compared to QR82m for the same period last year. The Group net profit before tax for the period increased by 21% to QR35m for the first quarter compared to QR29m for the same period last year. Mannai Corporation continues to actively pursue participation in domestic projects, focusing on ongoing and future developments within the country. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper


Zawya
17-03-2025
- Zawya
Qatar: Mannai enters 75th year, offers 25% cash dividend
Mannai Corporation – which enters its 75th year of business in Qatar, continuing to support the nation's development with its diversified portfolio of trading and services – has reported net profit of QR 171mn in 2024. As a public listed company, Mannai has continued to deliver shareholder value and maintained a robust year-on-year dividend yield amounting to QR3.9bn cash dividends paid to its shareholders since listing on the Qatar Stock Exchange. The board had declared a dividend distribution of 25% of the nominal value of the shares, equating to QR0.25 per share. The group revenue for the year was QR5.6bn, driven by information and communications technology business which contributed 50% of revenues, said Mannai, which last week held its annual general assembly meeting. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the period amounted to QR589mn. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Doha


Zawya
19-02-2025
- Zawya
Qatar: Mannai Corporation posts gross profit of $0.3bln on consolidated revenue of 1.5bln for 2024
DOHA: Mannai Corporation yesterday announced its financial results for the year ended December 31, 2024. The group revenue for the year is QR5.6bn, driven by the jewellery business continuing its year on year growth by 9.4 percent over last year and contributing 26 percent of the total group revenue. The Information and Communication Technology business contributed 50 percent of the total group revenue and 15 percent from automotive group. The group gross profit was above QR1bn, an increase of 4 percent compared to the last year as a result of improved gross profit margins. Earnings before Interest and Taxes (EBIT) for the period were QR402m. The net profit for the year was QR171m, slightly ahead of the previous year, after finance costs of QR225m incurred during the year. Earnings-per-share for the year ended were QR0.37 compared to QR0.37 for the last year. Our core businesses in Qatar, led by Information and Communication Technology and the Automotive Group, remained major contributors to the group's revenue and net profit. The last quarter of the year was exceptionally strong in terms of growth and overall profit contribution for the year, helping to deliver the full year Group results. The Group is well-positioned to seize future opportunities and navigate potential challenges effectively. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (