Doha: Mannai Corporation QPSC (Qatar Exchange: MCCS) held an Ordinary General Assembly Meeting virtually using the Zoom application platform on Monday, 20th March 2023 at 6.30 p.m. in Doha.
The Group revenue for the year was QR5.3bn, a growth of 10 percent on a like-for-like basis as compared to QR4.8bn last year, excluding discontinued operations, mainly driven by growth in its Information and Communication Technology business in Qatar.
Group Gross Profit for the year increased to QR867m, a growth of 8 percent on a like-for-like basis as compared to QR800m last year, excluding discontinued operations. Group earnings before interest and tax, excluding one-off impairment provisions, increased to QR675m, representing a 31 percent increase compared to last year.
The Group net profit for the year was QR202m, after an increase in finance costs of QR35m due to the higher interest rates.
Earnings per share amounted to QR0.44 and the shareholders agreed an additional dividend distribution of 10 percent of the nominal value of the shares, equating to QR 0.10 per share, on top of the interim dividend declared in September 2022, bringing total dividends declared for the financial Year 2022 to QR 3.25 per share.
