Qatar
Baladna achieved an all-time record revenue and net profit reporting 8% growth in revenue and 69% growth in net profit for the year ended 31 December 2024
Consolidated financial results for the year ended 31 December 2024
February 07, 2025 | 03:18 PM
Q.P.S.C. the leading Dairy and Juice company in Qatar, announced annual financial results for the year ended 31 December 2024, achieving record high revenue and net profit. The Company’s performance highlights the success of its market-driven strategies, growing market share and focus on operational excellence, shaping Baladna for sustainable growth.Key Financial Highlights
- Full year 2024 revenue of QAR 1,145 million, up 8% year-on-year (YoY), driven by stronger performance across all sales channels and product categories, new products, successful marketing campaigns and continued market share gains
- Full year 2024 net profit reached QAR 185 million, up 69% YoY, with margins improving from 10% to 16%, driven by operational efficiencies and strategic cost controls along with profit from international activities
- Q4 2024 revenue reached QAR 286 million, a 1% increase YOY, mainly driven by higher market share in key product categories
- Q4 2024 net profit of QAR 44.0 million recording a slight decrease of 2%
February 07, 2025 | 03:18 PM