1 week Ago By Qatar Tribune
Qatar tribune Tribune News Network Doha Aamal Company on Tuesday announced a solid financial performance for the first quarter ended March 31, 2025, reporting growth in both revenue and net profit. Total revenue rose 6.8 per cent year-on-year to QR580.
3 million, while net profit attributable to equity holders increased by 8.3 per cent to QR101.8 million.
Earnings per share climbed to QR0.016 from QR0.015 a year earlier.
Gross profit slipped slightly by 1.3 per cent to QR128.7 million.
Net capital expenditure declined 35.7 per cent to QR6.6 million, and gearing improved to 0.
9 per cent. Rashid bin Ali Al Mansoori, CEO of Aamal, said the strong results reflected the company’s ability to adapt to market changes and leverage growth opportunities across its diversified portfolio. “The Trading and Distribution segment successfully carried its positive performance into 2025, with this being driven largely by strong organic growth at Ebn Sina Medical following the business module change.
Aamal Trading was also successful in growing its market share and revenues on the back of sell out promotions and price increases on renewed service contacts,” he noted The performance of the Industrial Manufacturing segment continued to be mixed, with low levels of new construction activity resulting in subdued demand for Aamal Readymix and Aamal Cement, where revenue and net profit remained relatively flat year on year, the CEO said. Nevertheless, Senyar once again benefited from the demand stemming from the Kaharama and North Field projects to further improve its healthy profitability while profitability at Aamal Maritime’s was bolstered by improving shipping rates and stable occupancy, he added. “Our Property segment reported solid growth in revenue and net profit for the quarter highlighting the continued strong positioning of Aamal’s commercial and residential property portfolio.
At City Center Doha recent investment to enhance the shopping experience was rewarded with the signing of several new tenants and the signing of new lease agreements on more favorable financial terms. The performance of Aamal Real Estate meanwhile benefited from a slight increase in already high occupancy rates above the already high levels. “Our Managed Services reported a marginal decline in revenue for the period coupled with flat year-on-year net profit.
In particular, Maintenance Management Solutions recorded flat net profits. and a slight weakening in year-on-year revenue. “This was largely attributable to the challenging comparables’ generated by the completion of several ad hoc projects in Q1 2024.
Elsewhere in the segment Family Entertainment Center leveraged effective marketing campaigns and facilities improvements to achieve a robust performance for the period while Aamal services performance has been stable compared Q1 2024.” Vice Chairman and Managing Director Sheikh Mohamed bin Faisal Al Thani said the company is well-positioned to build on its positive momentum and capture further growth in Qatar and the wider region. “Overall, these are a positive set of first quarter results for Aamal, placing the Company on a strong footing as it looks to replicate the strong performance and successful strategic progress delivered in 2024.
“Looking ahead to the rest of the year I am confident in Aamal’s continued ability leverage our resilient and diversified business model to capture the abundant growth opportunities in both Qatar and the wider region. “I would like to thank all Aamal employees for their efforts and contribution and look forward to driving continued value for all the Company’s stakeholders.” Copy 29/04/2025 10.
