Investor Presentaiton
Net Profit Variance Analysis
(QR in Million)
96
96
255
-1%
11
17
95
95
-4
-289
10
2019
Price
Variance
Volume
Variance
COGS
S,G&A
Finance
costs
Others
2020
QAMCO reported a net profit of QR 95 million, a decline in profitability by 1% compared to the
year 2019.
Results affected by Joint Venture performance due to:
▸ Favorable movements
a) Decline in cost of goods sold due to lowered raw materials, maintenance, salaries and energy
consumption which in total decreased by 12% versus 2019;
▸ Unfavorable movements
a) Reduction in revenue due to decline in average selling prices by 12% versus 2019.
b) Lower realized premiums;
c) No one-off insurance income due to insurance claims received last year.
12
Note: For purpose of comparability, 2019 financial data reported here relates to the period from 01 January 2019 till 31
December 2019. Whereas, in actual, the published financial statements for the year ended 31 December 2019 included
financial data for the period from the date of QAMCO's incorporation (i.e. 3 December 2018) till 31 December 2019.
QAMCO, IR Presentation, Q4-20View entire presentation