April 19, 2023 webincorp

Doha, 19 April 2023 – the Board of Directors of Aamal Company Q.P.S.C. (“Aamal”), one of the Gulf region’s leading diversified companies, today announces its financial results for the first quarter ended 31 March 2023.

Financial Highlights

  • Total revenue up 12.8% to QAR 511.4m (Q1 2022: QAR 453.5m)
  • Gross profit up 14.6% to QAR 120.2m (Q1 2022: QAR 104.9m)
  • Net profit attributable to Aamal equity holders up 18.8% to QAR 87.5m (Q1 2022: QAR 73.6m)
  • Net underlying profit margins have decreased by 2.6 percentage points to 24.9% (Q1 2018: 27.5%)
  • Reported earnings per share increased 18.8% to QAR 0.014 (Q1 2022: QAR 0.012)
  • Net capital expenditure down 51.7% to QAR 6.9m (Q1 2022: QAR 14.3m)
  • Gearing decreased to 2.6% (Q1 2022: 4.1%)