QAMCO IR Presentation H1-23
CLASSIFICATION: C1 - CONTROLLED
Net Profit Variance Analysis
-61%
611
-496
38
106
-25
-17
1H-22
Price
Variance
Volume
Variance
COGS
S,G&A
Finance
costs
1H-23 vs. 1H-22
(Amounts in QR' million)
224
24
240
Others
1H-23
QAMCO reported a net profit of QR 240 million, a decline in profitability by 61% compared to
1H-22.
QAMCO's 1H-23 results were impacted by JV's performance mainly due to:
21
21
► Unfavorable movements
a) Lower average realized prices (-24%), along with lowered premiums;
b) Lower sales volumes (-1%);
c) Higher finance cost due to increased floating lending rates, linked to overall hike in global
interest rates.
▸ Favorable movements
a) Lower cost of goods sold, mainly on account lower raw material costs;
b) Lower selling & distribution cost on account of lower marketing fee and logistics;
c) Lower impairment of non-current assets;
d) Higher Head office finance income.
QAMCO, IR Presentation, H1-23View entire presentation