Mannai Corporation reported a net profit of QR407m on revenue of QR10.7bn for the year ended 31 December, 2018.
The Company’s EBITDA for the year rose by 18.4 percent to QR1bn compared to QR850m last year. While Profit before interest and tax increased by 11 percent in the year, the overall net profit declined by 20 percent, mainly due to increase in finance costs relating to acquisition funding and higher interest rates. Earnings per share stood at QR 8.92 The board of directors has proposed a cash dividend of QR2 per share which is subject to the approval of the shareholders at the Annual General Assembly.
