CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Mannai reports QR167m net profit for H1 2018

Published: 05 Aug 2018 - 11:42 am | Last Updated: 03 Nov 2021 - 05:21 pm

The Peninsula

DOHA: Mannai Corporation, one of the most diversified companies in Qatar, has reported a net profit of QR167m on revenue of QR5.1bn for the first six months of this year (H1, 2018). The Group’s EBITDA rose by 56 percent to QR444m compared to QR284m and pre-tax profits rose by 25 percent to QR209m compared to QR167m in the previous year.

In line with the group strategy of diversifying geographically Mannai Corporation acquired additional 15.39 percent share in GFI Informatique, France during the first half of 2018 and currently holds 96.6 percent.
Mannai Corporation is well positioned to participate in the major infrastructure development projects and services sector in Qatar and is optimistic of the future.