Doha, Qatar–Aamal posted a 5.7 percent increase in net profit to $101 million in 2023, compared to $95.54 million in 2022.
Data issued by the company and published on the Qatar Stock Exchange’s (QSE) website on Sunday showed that the earnings per share(EPS) amounted to QR 0.058 as of 31st December, 2023 versus earnings per share(EPS) QR 0.055 for the same period in 2022.
Its gross profit rose 3.1 percent to $137.25 million.
Sheikh Faisal Bin Qassim Al Thani, Chairman of Aamal, commented: “I am pleased to announce a robust overall performance by Aamal in 2023, with a marginal year-on-year increase in revenue and a 4.7 percent rise in total net profit.
“The excellent performance of both our Trading and Distribution segment and our Property segment was particularly noteworthy, while Aamal’s diversified strategy and strong financial position enable us to capitalise on diverse opportunities across different sectors and demonstrate notable financial resilience.” he said.
Al Thani added: “The agility and innovation demonstrated by our business units in a dynamic market have contributed to Aamal’s growth during the year, a testament to the adept leadership provided by our talented team.”
The board of directors proposed to retain the profits of the company for the financial year ended 31 December 2023.