Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Net Profit Variance Analysis
-56%
803
-745
52
78
52
39
39
155
-28
Price
9M-22
Variance
Volume
Variance
COGS
S,G&A
Finance
costs
Others
9M-23 vs. 9M-22
(Amounts in QR' million)
354
9M-23
QAMCO reported a net profit of QR 354 million, a decline in profitability by 56% compared to
9M-22.
QAMCO's 9M-23 results were impacted by JV's performance mainly due to:
21
21
► Unfavorable movements
a) Lower average realized prices (-23%), along with lowered premiums;
b) Higher finance cost due to increased floating lending rates, linked to overall hike in global
interest rates.
▸ Favorable movements
a) Higher sales volumes (+6%);
b) Lower cost of goods sold, mainly on account lower raw material costs;
c) Lower selling & distribution cost on account of lower marketing fee and logistics;
d) Lower impairment of non-current assets;
e) Higher Head office finance income.
QAMCO, IR Presentation 9M-23View entire presentation