1H-22 QAMCO IR Presentation
CLASSIFICATION: C1 - CONTROLLED
Net Profit Variance Analysis
+55%
2Q-22 vs. 1Q-22
(Amounts in QR' million)
42
164
371
-49
-3
-5
-17
240
1Q-22
Price
Variance
Volume
Variance
COGS
S,G&A
Finance
costs
Others
2Q-22
QAMCO reported a net profit of QR 371 million, an increase in net profits by 55% compared to
1Q-22.
QAMCO's 2Q-22 results were impacted by Joint Venture's performance mainly due to:
▸ Favorable movements
a) Higher average realized prices (+17%), along with better premiums;
b) Higher sales volumes (+4%);
Unfavorable movements
a) Higher cost of goods sold, mainly on account higher raw material costs;
b) Others: Higher impairments partially offset with savings from head-office expenses.
22
22
QAMCO, IR Presentation, 1H-22View entire presentation