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

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