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MANNAI CORPORATION REPORTS EBITDA QR 252 MILLION ON CONSOLIDATED REVENUE OF QR 2.8 BILLION

Company: Mannai Corporation
Release Date: April 30, 2019

 

Mannai Corporation QPSC (Qatar Exchange: MCCS), today announced its first quarter results for the period ended 31st March 2019.

Mannai Corporation Revenue increased by 14% to QR 2.8 Billion compared to QR 2.5 Billion in the same period last year.

EBITDA rose by 17% to QR 252 Million compared to QR 215 Million in the first quarter last year.

Net profit for the quarter decreased by 45% to QR 50 Million due to an increase in interest expense which rose by 74% to QR 100 Million. Whereas profit before Interest and Tax increased 6% to QR 176 Million compared to QR 166 Million last year.

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