Aamal Company (Aamal), one of the Gulf region’s leading diversified companies, yesterday reported a net profit of QR131.1m for the first half of the year (H1 2021), a significant increase of 566 percent compared to QR19.7m during the same period last year (H1 2020).
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.
24 Feb 2021 - 8:46
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
Doha: Aamal Company (Aamal), one of the Gulf region’s leading diversified companies, has reported a total revenue of QR1.30bn for the year 2020, up 1 percent from QR1.29bn in 2019. The solid performance in revenue generation was powered by the Industrial Manufacturing and Trading and Distribution segments and the company’s resilience and diversification strategy amid the COVID-19 pandemic. The Board of Directors proposed a cash dividend of 4 percent (QR0.04 a share).