Mannai Corporation has reported that its group net profit for the nine-month period ended September 30, 2022, increased to QR512mn, including the gain from the sale of subsidiary Inetum S A compared to QR190mn in the same period last year.
Earnings-per-share for the nine-month period ended September 30, 2022, stood at QR1.12 compared to QR0.42 for the same period last year. The underlying net profit generated by Qatar businesses in the same period grew by 15% over the same period last year as a result of very positive trading in the run-up to the 2022 FIFA World Cup.
Group revenue stood at QR3.8bn, a 9% growth on a like-for-like basis over QR3.5bn in the same period last year, excluding discontinued operations, mainly driven by growth in its information and communications technology business in Qatar.
Group gross profit increased to QR716mn, a growth of 10% on a like-for-like basis compared to QR651mn in the same period last year, excluding discontinued operations, with a slightly improved gross profit margin despite rising costs.
Group earnings before interest, tax, depreciation, and amortisation expenses (EBITDA) increased to QR833mn, including the gain from the sale of the subsidiary Inetum S A, compared to QR486mn in the same period last year, excluding discontinued operations.
Finance costs increased by QR22mn to QR198mn, an increase of 13% over the same period last year due to the interest rate increases in prime lending rates throughout the year and in particular during the third quarter of 2022.
Earnings-per-share for the nine-month period ended September 30, 2022, stood at QR1.12 compared to QR0.42 for the same period last year. The underlying net profit generated by Qatar businesses in the same period grew by 15% over the same period last year as a result of very positive trading in the run-up to the 2022 FIFA World Cup.
Group revenue stood at QR3.8bn, a 9% growth on a like-for-like basis over QR3.5bn in the same period last year, excluding discontinued operations, mainly driven by growth in its information and communications technology business in Qatar.
Group gross profit increased to QR716mn, a growth of 10% on a like-for-like basis compared to QR651mn in the same period last year, excluding discontinued operations, with a slightly improved gross profit margin despite rising costs.
Group earnings before interest, tax, depreciation, and amortisation expenses (EBITDA) increased to QR833mn, including the gain from the sale of the subsidiary Inetum S A, compared to QR486mn in the same period last year, excluding discontinued operations.
Finance costs increased by QR22mn to QR198mn, an increase of 13% over the same period last year due to the interest rate increases in prime lending rates throughout the year and in particular during the third quarter of 2022.