Al Meera Consumer Goods Q P S C : Q1 2023 IR Presentation
April 19, 2023 at 04:00 am EDT
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Consolidated Financial Results
for the three month period ended
31 March 2023
Investor Relation Presentation
19 April 2023
KEY FINANCIAL HIGHLIGHTS FOR 3M-2023
Al Meera recorded consolidated sales of QAR 736.4 million for the three-month period ended 31 March 2023, an increase of 4.8% compared to the same period in 2022.
Gross profit amounted to QAR 134.9 million, an increase of 3.8% compared to the same period in 2022. Gross profit margin was at 18.3%.
Rental income grew by 5.5% to QAR 21.6 million compared to QAR 20.5 million for the same period in 2022.
Other income amounted to QAR 10.8 million, an increase of 5.7% compared to the same period in 2022.
Operating expenditures increased by 4.5% to QAR 87.6 million compared to QAR 83.9 million for the same period in 2022, primarily attributable to additional costs from new stores.
Al Meera reported a net profit of QAR 43.3 million and earnings per share is QAR 0.22 for the three-month period ended 31 March 2023.
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KEY FINANCIAL HIGHLIGHTS FOR 3M-2023 (Cont'd)
SALES
QR 887.0 m
QR 758.7 m
QR 723.1 m
QR 703.0 m
QR 736.4 m
3M-2019
3M-2020
3M-2021
3M-2022
3M-2023
RENT INCOME
QR 21.6 m
QR 20.5 m
QR 19.8 m
QR 18.8 m
QR 19.0 m
3M-2019
3M-2020
3M-2021
3M-2022
3M-2023
GROSS PROFIT
18.7%
145.0
18.5%
18.3%
20.0%
140.0
15.8%
16.0%
135.0
15.0%
QR 134.9 m
130.0
QR 142.1 m
QR 135.1 m
QR 130.0 m
125.0
10.0%
120.0
115.0
QR 119.9 m
5.0%
110.0
105.0
0.0%
3M-2019
3M-2020
3M-2021
3M-2022
3M-2023
NET PROFIT ATTRI. TO SHAREHOLDERS AND EPS
1.20
QR 0.25
QR 0.25
52.0
1.00
50.0
0.80
QR 50.6 m
48.0
QR 0.22
QR 49.2 m
QR 0.22
46.0
0.60
QR 0.22
44.0
0.40
QR 44.3 m
42.0
QR 43.2 m
QR 43.2 m
0.20
40.0
0.00
38.0
3M-2019
3M-2020
3M-2021
3M-2022
3M-2023
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OPERATIONS UPDATE FOR 3M-2023
Al Meera's retail store expansion plans in Qatar and Oman are progressing as planned and are expected to be operational in 2023 and 2024.
The corporate and e-commerce sales segments are also being expanded based on market demand.
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DISCLAIMER
Information contained in this presentation is subject to change without further notice. Its accuracy is not guaranteed, and it may not contain all material information concerning the company. We and our advisors do not make any representation regarding, nor assume any liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein.
In addition, the information contains projections and forward looking statements that reflect the company's current views only, with respect to future events and financial performance. These views are based upon current assumptions that are subject to various risks, and may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company assumptions are correct. Actual results may differ materially from those projected.
This presentation is strictly for information only, and is not to be distributed without the explicit consent of Al Meera Consumer Goods Company Q.P.S.C. management under any circumstances.
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Al Meera Consumer Goods Company QSC published this content on 19 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2023 07:59:03 UTC.
Al Meera Consumer Goods Co QSC is a Qatar-based company engaged in wholesale and retail trading of various types of consumer goods commodities. The Company operates in following segments: The retail segment, which comprises the buying and selling of consumer goods. The investment segment, which comprises equity and funds held as financial assets at fair value through other comprehensive income and fixed deposits. The leasing segment, which comprise mainly of renting shops in various malls owned by the Group. Al Meera operates through approximately 60 hypermarkets, supermarkets and convenience stores. The Companyâs subsidiary companies include Al Meera Holding Company L.L.C, Al Meera Supermarkets Company W.L.L., Qatar Markets Company L.L.C, and Al Meera Development Company L.L.C, among others.