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MANNAI CORPORATION REPORTS GROSS PROFIT QR 241M ON A CONSOLIDATED REVENUE OF QR 1.2BILLION

Company: Mannai Corporation
Release Date: April 26, 2022

Mannai Corporation QPSC (Qatar Exchange: MCCS), today announced its first quarter results for the period ended 31st March 2022.

The reported figures are excluding Inetum as it is classified as discontinued operations in the Income statement and assets held for sale in the balance sheet. Accordingly on a like for like basis Mannai Corporation Revenue increased by 10% to QR 1.2 Billion compared to QR 1.1 Billion in the same period last year.

Gross Profit for the first quarter increased by 10% to QR 241m and EBITDA rose by 4% to QR 113 Million compared to QR 109 Million in the first quarter last year.

The Net profit for the quarter is at 32 Million.

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