The group's revenue reached QR226.3mn compared to QR99.2mn for the same period of the previous year with a growth rate of 128.2%.
"Providing new services in the distance education system and providing comprehensive maintenance services for gas recycling plants enhanced the earning level," a company spokesman said.
Earnings per share (EPS) amounted to QR0.215 for the period ended June 30, 2022, compared to EPS of QR0.195 for the period ended June 30, 2021.
Mekdam Holding Group was able to sign new contracts with a total value of QR947mn, which exceeded the annual target for 2022, said Ehab Naser, its chief executive.
The total value of the contracts being implemented amounted to about QR2bn, while the value of the remaining works stood at QR1.38bn.
With respect to the sales proposals, the total offers submitted and being negotiated with customers amounted to QR3.16bn. The expected success rate, according to historical indicators, ranges from 20-30%.
As for the financial position, it grew by 46.5% by end of June 30, 2022 against that in December 31, 2021, because of the steady expansion of the group's business volume.
As of June 30, 2022, Mekdam Holding Group has maintained its liquidity levels of 82.5% of its assets, which are current assets.
The current ratio (current assets to current liabilities) is 1.3 times. The group also maintained low levels of indebtedness, with net indebtedness (bank loans minus cash and cash balances) amounting to QR51.8mn.
The founders, through the listing, had offered 23.8% of the group's capital. The group aims to increase the shareholder base to about 1,000 shareholders and float 50% of the capital by end of year 2022.
"Providing new services in the distance education system and providing comprehensive maintenance services for gas recycling plants enhanced the earning level," a company spokesman said.
Earnings per share (EPS) amounted to QR0.215 for the period ended June 30, 2022, compared to EPS of QR0.195 for the period ended June 30, 2021.
Mekdam Holding Group was able to sign new contracts with a total value of QR947mn, which exceeded the annual target for 2022, said Ehab Naser, its chief executive.
The total value of the contracts being implemented amounted to about QR2bn, while the value of the remaining works stood at QR1.38bn.
With respect to the sales proposals, the total offers submitted and being negotiated with customers amounted to QR3.16bn. The expected success rate, according to historical indicators, ranges from 20-30%.
As for the financial position, it grew by 46.5% by end of June 30, 2022 against that in December 31, 2021, because of the steady expansion of the group's business volume.
As of June 30, 2022, Mekdam Holding Group has maintained its liquidity levels of 82.5% of its assets, which are current assets.
The current ratio (current assets to current liabilities) is 1.3 times. The group also maintained low levels of indebtedness, with net indebtedness (bank loans minus cash and cash balances) amounting to QR51.8mn.
The founders, through the listing, had offered 23.8% of the group's capital. The group aims to increase the shareholder base to about 1,000 shareholders and float 50% of the capital by end of year 2022.