Aamal's net profit up 132.7% to QR210.9m in nine months

Doha: Aamal Company (Aamal), one of the Gulf region’s leading diversified companies, yesterday reported a net profit of QR210.9m during the first nine months of the year (9M 2021), an increase of 132.7 percent compared to QR90.6m during the same period last year. Reported earnings per share also rose by 120 percent or QR0.018 to QR0.033 from QR0.015.

In its financial report for the period ended September 30, 2021, Aamal’s total revenue grew by 13.2 percent to QR1.1bn from QR972.0m. Gross profit was up 23.4 to QR298.9m from QR242.3m. While net profit attributable to equity shareholders was also up by 126.2 percent to QR207.2m from QR91.6m.

The Company’s net underlying profit (profit before share in results of associates and joint ventures accounted for using the equity method) increased by 282.7 percent to QR179.4m from QR46.9m. Net underlying profit margin rose to 16.3 percent from 4.8 percent.