{
  "id": 16940935,
  "title": "Mannai Corporation net profit surges 54% to QR156mn in 9M 2026",
  "url": "https://urgent.news/2026/10/27/mannai-corporation-net-profit-surges-54-to-qr156mn-in-9m-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T21:00:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/736920/business/mannai-corporation-net-profit-surges-54-to-qr156mn-in-9m-2026"
  },
  "original_language": "en",
  "account": "Mannai Corporation announced a remarkable surge in net profit for the first nine months of 2026, with profits rising by 54% to QR156mn. This represents a substantial increase from QR101mn in the same period last year. The company's earnings per share followed suit, climbing 54% to QR0.34 from QR0.22. Meanwhile, consolidated revenue for the period grew by 16%, reaching QR4.03bn from QR3.4bn. Gross profit also increased by 16%, reaching QR654mn from QR565mn. EBITDA rose by 11%, climbing from QR318mn to QR352mn, while EBIT increased by 16%, climbing from QR231mn to QR268mn. Net profit before tax saw an impressive 71% increase, reaching QR173mn from QR101mn. The group's revenue growth was primarily driven by the ICT and automotive segments. The ICT Group continued to expand through a robust order book and solid business execution. The Automotive Division's success, especially with the BYD franchise, significantly boosted volume growth and revenue generation. These strong performances across the ICT Group and the Automotive Division played a crucial role in Mannai Corporation's positive Q3 2026 results, instilling confidence for the future.",
  "summary": "Mannai Corporation reported a net profit of QR156mn in the first nine months of 2026, up 54% year-on-year (y-o-y) from QR101mn.Earnings per share was up 54% to QR0.34 from QR0.22, while consolidated r...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}