3 days ago
Qatar: Mannai Corporation H1 gross profit grows 7.3% to $97.25mln
Qatar - Mannai Corporation reported a revenue (from continued operations) of QR2.1bn for the first half of the year, reflecting a 7% increase on the same period last year.
The group's gross profit rose by 7.3% to QR354mn compared to the first half of 2024.
Group earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the period amounted to QR198mn.
Earnings before tax increased by 3.6%, reaching QR71mn for the first half of the year, compared to QR69mn for the same period last year.
Group net profit for the period increased by 4% to QR70mn compared to QR67mn for the same period last year.
Mannai Corporation's Board of Directors has scheduled an extraordinary general assembly on September 8 'to consider, discuss and approve' the share sale of 67% in Damas International Limited to Titan Group.
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