Baladna posts QR134 million net profit in 2021 – The Peninsula

Baladna posts QR134 million net profit in 2021 – The Peninsula

Doha: Baladna Q.P.S.C. (Baladna) yesterday announced its results for the year ended 31st December 2021. Following its strong operational performance in the year 2020. Revenue of QAR 773 million and net profit of QAR 134 million for the year 2021 compared to QAR 759 million revenue and QAR 141 million net profit in the last year same period. Maintained industry leading net profit margin of 17% in year 2021. Increased market share in most of the categories.

During the fourth quarter of 2021, Baladna managed to achieve a revenue of QAR 210 million and net profit of QAR 32 million. This represents a revenue growth of 16% and net profit growth of 106% compared to the previous quarter. Earnings per share (weighted average) equated to QAR 0.070 for the year ending 31st December 2021.

Baladna managed to adapt these adverse market conditions through the introduction of new product lines and by growing our market share in existing segments through several marketing programs. We introduced 44 new products during the year expanding our total product portfolio to 268 products by end of 31st December 2021.

Through maintaining strategic inventories, effective buying and increase of our production and sales volumes helped to manage the effect