Baladna achieved a substantial revenue growth of 15% and net profit growth of 137% in H1 2024

Doha, Qatar, 24th July 2024: Baladna Q.P.S.C. the leading Dairy and Juice company in Qatar, disclosed its H1 2024 financial results yesterday, coverin...

Doha, Qatar, 24th July 2024: Baladna Q.P.S.C. the leading Dairy and Juice company in Qatar, disclosed its H1 2024 financial results yesterday, covering the six months period ending  30th June 2024. Baladna reported robust growth in revenue and net profit compared to the corresponding period last year.

Baladna announced the following:

- The company recorded a net revenue of QAR 594.7 million, marking a significant  increase of 15% compared to the same period last year. This growth was primarily driven by increased sales volumes across all channels, favourable market conditions observed during the period and continued market share gains

- The net profit increased significantly by 137%, reaching QAR 100.4 million, which equates to a net profit margin of 17%.

- Earnings per share stood at QAR 0.053