Mannai Corporation QPSC (Qatar Exchange: MCCS) held an Ordinary General Assembly Meeting virtually using the Zoom application platform on Thursday, 13th March 2025 at 9.30 p.m. in Doha.
H.E. Sheikh Suhaim Bin Abdulla Bin Khalifa Al Thani, Vice Chairman of the Company, chaired the meeting and highlighted the company’s financial performance in 2024.
Mannai enters its 75th year of business in Qatar, continuing to support the nation’s development with its diversified portfolio of trading and services. As a public listed company, Mannai Corporation has continued to deliver shareholder value and maintained a robust year-on-year dividend yield amounting to QR 3.9 Billion cash dividends paid to its shareholders since listing on the Qatar Exchange.
- Group Revenue: QR 5.56 Billion
- Group Gross Profit: QR 1.04 Billion
- Group Net Profit: QR 171 Million
- Earnings Per Share: QR 0.37
Group revenue for the year was QR 5.6 Billion driven by Mannai’s Information and Communications Technology business which contributed 50 per cent of revenues.
Group Gross Profit was above QR 1 Billion, an increase of 4% compared to the last year as a result of improved Gross Profit margins.
Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the period were QR 589 Million.
Net Profit for the year was QR 171 Million, slightly ahead of the previous year. Earnings per share amounted to QR 0.37, with the Board declaring a dividend distribution of 25 percent of the nominal value of the shares, equating to QR 0.25 per share.