Mannai Corporation Q1 net profit jumps 260% to QR33mn

Mannai Corporation Q1 net profit jumps 260% to QR33mn

Mannai Corporation has posted a first quarter net profit of QR33mn, an improvement of QR54mn and an increase of 260% compared to the first quarter of 2020. The first quarter of 2020 was impacted by the Covid-19-related closures, which restricted trading during the year. Mannai reported a growth in first quarter revenues to QR3.6bn, a growth of 35% compared to the first quarter of 2020. EBITDA for the quarter grew to QR270mn, an increase of 44% compared to the first quarter of 2020.