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Mannai Corp. Net Profit Rose to QR91.4
Million in First Quarter of 2018
April 30, 2018
The net profit of Mannai amounted to QR91.4
million in the first quarter of 2018, compared to QR90.1 million
for the same period last year. The corporation’s earnings per
share recorded QR1.99 in this quarter, versus QR1.97 for the
corresponding period of 2017.
The Group’s Comments:
Mannai’s gross operating profit doubled to
QR580.9 million in this first quarter. The company generated
QR26.5 million from other income and from its share in profits
of associates. Expenses shot up to more than the double, and
amounted to QR392.5 million, financing costs increased as well
to QR57.8 million, and the cost of amortization rose to QR48.7
million. After deducting QR17.1 million in taxes, the net profit
for this quarter increased slightly to QR91.4 million, of which
QR90.7 million is attributable to shareholders, a slight
increase compared to the corresponding period of 2017.
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