Investor Presentaiton
CLASSIFICATION: C1 - CONTROLLED
Net Profit Variance Analysis
292
15
1H-20
Price
Variance
+1,870%
(Amounts in QR' million)
28
288
22
-2
-6
-61
Volume
Variance
COGS
S,G&A
Finance
costs
Others
1H-21
QAMCO reported a net profit of QR 288 million, an increase in profitability by 1,870% compared to
1H-20.
Results affected by Joint Venture performance due to:
▸ Favorable movements
cost
a) Higher average realized prices (+26%) and improved product mix leading to better premiums;
b) Lower cost of goods sold on account of lowered manpower
(-11%) and favorable inventory movements, offset by higher raw materials cost (+10%);
c) Lower finance cost (-44%) due to reduced interest rates and one-off unamortized portion of
financing cost being written-off last year.
► Unfavorable movements
a) Lower sales volumes (-4%);
b) Higher impairment of pots compared to 1H-20;
c) Higher marketing fee.
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QAMCO, IR Presentation, 1H-21View entire presentation