Mannai Corporation held an ordinary general assembly meeting virtually on Monday.
Mannai Corporation vice-chairman Sheikh Suhaim bin Abdullah bin Khalifa al-Thani chaired the meeting and highlighted the company’s financial performance in 2022.
Mannai Corporation said its group turnover was QR5.3bn while revenue growth stood at 10%.
Gross profit totalled QR867mn and net profit amounted to QR202mn.
Group earnings before interest and tax, excluding one-off impairment provisions, increased to QR675mn, representing a 31% increase compared to last year.
Group revenue for the year was QR5.3bn, a growth of 10% on a like-for-like basis as compared to QR4.8bn last year, excluding discontinued operations, mainly driven by growth in its Information and Communication Technology business in Qatar.
Earnings per share amounted to QR0.44 and the shareholders agreed an additional dividend distribution of 10% of the nominal value of the shares, equating to QR0.10 per share, on top of the interim dividend declared in September 2022, bringing total dividends declared for the financial year 2022 to QR3.25 per share.
