Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Net Profit Variance Analysis
597
12
9M-20
Price
Variance
+4,145%
(Amounts in QR' million)
32
3
521
-77
-29
-17
Volume
Variance
COGS
S,G&A
Finance
costs
Others
9M-21
QAMCO reported a net profit of QR 521 million, an increase in profitability by 4,145% compared to
9M-20.
QAMCO's 9M-21 results were affected by Joint Venture performance mainly due to:
▸ Favorable movements
a) Higher average realized prices (+37%) and improved product mix leading to better premiums;
b) Lower finance cost (-38%) due to reduced interest rates and absence of one-off unamortized
portion of financing cost being written-off last year.
► Unfavorable movements
a) Higher cost of goods sold, mainly on account higher raw material costs, partially offset by
favorable inventory movements and cost optimization initiatives;
b) Lower sales volumes (-3%);
c) Higher impairment compared to 9M-20;
d) Higher marketing fee and shipping cost.
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QAMCO, IR Presentation, 9M-21View entire presentation