CORPORATE

ALL NEWS

Mannai Corporation Reports Net Profit of QR 202 Million on Consolidated Revenue of QR 5.3 Billion for the Year 2022

Company: Mannai Corporation
Release Date: February 26, 2023

Mannai Corporation QPSC (Qatar Exchange: MCCS) today announced its financial results for the year ended 31st December 2022.

Group Revenue for the year was QR 5.3 Billion, a growth of 10% on a like-for-like basis as compared to QR 4.8 Billion last year, excluding discontinued operations, mainly driven by growth in its Information and Communication Technology business in Qatar.

Group Gross Profit for the year increased to QR 865 Million, a growth of 8% on a like-for-like basis as compared to QR 800 Million last year, excluding discontinued operations.

Group earnings before interest and tax, excluding one-off impairment provisions, increased to QR 676 Million, representing a 31% increase compared to last year.

Finance costs for the year increased by QR 35 Million, an overall increase of 15% over last year, due to the interest rate increases in prime lending rates throughout the year and in particular during the second half of 2022.

Group Net Profit for the year was QR 202 Million and the Earnings-per-share for the year ended were QR 0.44.

RELATED NEWS

Mannai Corporation Elevates Team Spirit with Qatar National Sport Day Celebration

February 13, 2024 | CATEGORY: Mannai Corporation

Mannai Corporation celebrated Qatar National Sports Day at the Retaj Salwa Resort & Spa on 13 Fe…

Mannai Corporation Reports Gross Profit of QR 682 Million on Consolidated Revenue of QR 4.0 Billion for the Nine Month Period Ended 30th September 2023

October 26, 2023 | CATEGORY: Mannai Corporation

Mannai Corporation QPSC (Qatar Exchange: MCCS), announced its nine-month financial results for the p…

Contact Us

Tel: (+974) 4455 8888                Fax: (+974) 4455 8880              Email: [email protected]  

Not readable? Change text. captcha txt
ACTIVITIES
DOWNLOAD BROCHURE

CONNECT ON LINKEDIN