Mannai Corporation nine-month net profit rises to QR190mn
October 27 2021 09:16 PM
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Mannai Corporation nine-month net profit rises to QR190mn

Mannai Corporation has reported revenues of QR10.6bn for the nine months that ended on September 30, a growth of 24% compared to QR8.5bn for the same period in 2020, driven by growth across all major business divisions.
EBITDA increased to QR918mn for the nine months that ended in September, an improvement of 79% compared to the EBITDA of QR512mn for the same period in 2020.
Net profit for the nine months that ended on September 30 increased to QR190mn, an improvement of QR390mn compared to the QR200mn loss in the same period in 2020 due to the Covid-19 related disruptions.
Keith Higley, Mannai Corporation director, said, “We are pleased to report robust growth in 2021 and a net profit of QR190mn for the nine months that ended in September 2021, with all of our major business lines continuing to rebound and showing strong growth following the challenging year of 2020.”



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