Investor Presentaiton
Segmental Details: Fertilizers
Analysis of segment
revenue & net profit
Revenue: QR 4.4 billion, up by 3% compared to 2019, mainly due to accounting for revenues from Qafco at 100% with effect from 01-
Jan-20, due to acquisition of the additional 25% minority stake in Qafco. This was slightly offset by decline in selling prices and change in
the revenue recognition methodology due to the temporary gas processing arrangement for Qafco trains 1-4 applicable for the first seven
months of 2020;
Revenue increased by 50% in Q4-20 compared to the Q3-20, mainly due to recoveries noted in selling prices (+4%) and
improved sales volumes (+44%).
Net profit: QR 828 million, down by 5% compared to 2019, due to overall decline in selling prices and impairment provision booked for
QMC;
Net profit increased by 356% in Q4-20 compared to Q3-20, due to overall growth in revenue and booking one-off impairment loss
in relation to QMC amounting to QR 153 million in Q3-20. The profitability for Q4-20 would improve by 59% compared to Q3-20,
excluding one-off non-cash impairment loss booked in Q3-20, which is closely aligned with the overall growth in revenues.
Net Profit - normalized (QR million)'
Revenue (QR billion)
+3%
+3%
897
29
29
4.4
4.3
872
Q4 1.1
Q4 1.4
Q4 271
Q4 444
Q3 1.0
Q3 163
Q3 1.1
Q3 82
Q2 1.0
Q2 231
Q2 0.9
Q2 174
Q1 1.1
2019
Q1 1.0
2020
Q1 207
2019
Q1 197
2020
Note 1: Normalized profits have been reported after considering 25% profits from Qafco for the first nine months until 30 Sep 2020, amounting to QR 113 million, as the
same had been reported as part of retained earnings in the published financial statements for the year ended 31 December 2020.
Note 2: Quarterly figures for the year 2020 have been restated to show the effects of acquisition of Qafco's 25% stake retrospectively, with effect from 01 January 2020.
Industries Qatar, IR Presentation, YE 2020View entire presentation