Doha, April 28 (QNA) - Net profit at Aamal Company declined by 11 percent in the first quarter of 2026, reaching QR 90.658 million compared to QR 101.809 million in the same period last year.

Figures released today by the company and published on the Qatar Stock Exchange website showed a decline in earnings per share to QR 0.014 for the period ending Mar. 31, 2026, compared to QR 0.016 for the same period a year earlier.

In this context, Vice Chairman and Managing Director of Aamal HE Sheikh Mohammed bin Faisal Al-Thani said that the company's first-quarter results reflected a quieter period for the group, with both revenue and net profit declining compared to last year.

He added that although performance during the current quarter was affected by market challenges in some sectors, there remained confidence in the company’s underlying strength, operational resilience, and long-term strategic direction.

Aamal continues to benefit from its diversified business model, high-quality assets, and strong market position across a wide range of sectors.

CEO of Aamal Rashid bin Ali Al Mansoori commented on the results and said that the company’s first-quarter 2026 reflected a challenging period, with a noticeable decline in revenues and net profit, mainly due to strong competition and unfavorable market developments in the trading and distribution segment.

He noted, however, that the overall performance highlighted the strength and resilience of the company's core operations, supported by continued execution of strategic priorities and disciplined implementation of business plans across its various segments. (QNA)