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FinancialNews


  • 28-04-22

    Aamal’s net revenue increases 8.4 percent to QR73.6m in 1st Q.

    (MENAFN) Aamal Firm (Aamal), one of the province’s top varied firms, declared yesterday its economic outcomes for the January-March period of 2022, and reported a robust beginning to the year with entire revenue increasing 45 percent and net profit rising 8.4 percent and all four segments delivering top-line growth.

    The Firm’s net revenue attributable to equity holders increased by 8.4 percent to QR73.6m (USD20.2 million) in the January-March period of 2022, in comparison with QR67.9m (USD18.6 million) throughout the same quarter of 2021.

    Whole income rose by 45.0 percent to QR453.5m (USD124.5 million) from QR312.7m (USD85.8 million) because of the mainly robust performance of the Industrial Manufacturing segment.

    Gross income increased by 10.4 percent to QR104.9m (USD28.8 million) from QR95.0m (USD26.0 million) yearly, while there were no reasonable value gains on investment properties in either January-March period this year same period last year.

    MENAFN28042022000045014228ID1104111964

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