Aamal net profit grows 156.3% to QR312m in 2021 – The Peninsula Qatar

Aamal net profit grows 156.3% to QR312m in 2021 – The Peninsula Qatar

Doha: Aamal Company Q.P.S.C. (Aamal), one of the Gulf region’s leading diversified companies, announced yesterday net profit of QR312m for the year ended December 31, 2021, representing an increase of 156.3 percent compared to last year. Net profit attributable to Aamal equity holders was up 147.3 percent to QR304.9m.

Commenting about the results Chairman of Aamal Sheikh Faisal bin Qassim Al Thani, said, “After the considerable challenges of 2020, the Board of Aamal is pleased to report a strong set of financial results for 2021. Underpinned by Aamal’s clear strategy, sustained financial strength, disciplined cost control, and resilient and diversified business model, all four of our business segments performed well at an operational level and demonstrated the Company’s ongoing ability to seize new opportunities as they arise and to adapt swiftly to evolving market demands”.

“Our Industrial Manufacturing subsidiaries performed very well (particularly Ci-San Trading), introducing new products, expanding production and growing the customer base. The results reported by our Trading and Distribution segment were impressive, although marginally down compared to the exceptionally strong performance recorded by the segment in 2020 when demand peaked for healthcare and pharmaceutical products and services in response to the pandemic,” he said.

“It is worth noting that