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Aamal Net Profit Up 5 7% To QR367 5M In 2023
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Aamal Posts Net Profit Of QR367 5Mn In 2023
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29 Apr 2021 - 11:23
Chairman of Aamal, Sheikh Faisal Bin Qassim Al Thani (left), and Chief Executive Officer and Managing Director of Aamal, Sheikh Mohamed bin Faisal Al Thani
The Peninsula
Aamal Company (Aamal), one of the region’s leading diversified companies, yesterday announced a net profit of QR68.1m for the first quarter of 2021.
The Group also reported a revenue of QR312.7m, down by 16.4 percent compared to QR374.0m during the same period last year due to lower sales within its Trading and Distribution segment amid the ongoing pandemic.
Aamal’s gross profit was down by 14.1 percent to QR95.0m compared to QR110.7m reported in Q1 2020. Net underlying profit margins have increased by 0.9 percentage points to 18.4 percent.