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MANNAI CORPORATION REPORTS STRONG RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 WITH CONSOLIDATED NET PROFIT OF QR 190 MILLION, AN IMPROVEMENT OF QR 390 MILLION COMPARED TO THE SAME PERIOD LAST YEAR.

Company: Mannai Corporation
Release Date: October 27, 2021

Qatar, 27th October 2021 – Mannai Corporation QPSC (Qatar Exchange: MCCS), today announced its results for the nine months ended 30th September 2021.

Mannai Corporation reported revenues of QR 10.6 Billion for the nine months ended 30th September 2021, a growth of 24% compared to revenues of QR 8.5 Billion for same period last year 2020, driven by growth across all major business divisions.

EBITDA increased to QR 918 Million for the nine months ended 30th September 2021, an improvement of 79% compared to the EBITDA of QR 512 Million for the same period last year 2020.

Net Profit for the nine months ended 30th September 2021 increased to QR 190 Million, an improvement of QR 390 Million compared to the QR 200 Million loss in the same period last year 2020 due to the COVID-19 related disruptions.

Mr. Keith Higley, Director, said, “we are pleased to report robust growth in 2021 and a Net Profit of QR 190 Million for the nine months ended September 2021, with all of our major business lines continuing to rebound and showing strong growth following the challenging year of 2020.”

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