Qatar
Baladna achieved a substantial revenue growth of 11% and net profit growth of 118% for the nine months period ending 30 September 2024
October 28, 2024 | 03:36 PM
Baladna Q.P.S.C. the leading Dairy and Juice company in Qatar, announced its interim results for the nine months period ending on 30 September 2024, achieving strong growth in both revenue and net profit. The Company’s performance highlights the success of its market-driven strategies and focus on operational excellence, positioning Baladna for sustained growth.Key highlights
- 9M-2024 revenue of QAR 859.0 million, up 11% year-on-year (YoY), driven by increased sales volumes across all channels, new products, successful marketing campaigns and continued market share gains
- Increase profit from international activities
- Significant progress on Algeria project
- Winning the government tender for evaporated milk production and supply
- Market share gain and increase in revenue in all product categories
- New product launches to expand the portfolio
- Operational efficiency across entire value chain
- 9M 2024 net profit reached QAR 141.0 million, up 118% YoY, with net profit margins improving to 16%, driven by operational efficiencies and strategic cost controls, despite supply chain disruptions along with profit from international activities
- Q3 2024 revenue reached QAR 264.4 million, a 3% increase YoY, due to continued demand in core product lines
- Q3 2024 net profit up 82% YoY to QAR 40.6 million, due to improved margins and efficiency
October 28, 2024 | 03:36 PM