Al Meera Consumer Goods Q P S C : Q4 2022 IR Presentation
March 14, 2023 at 08:36 am EDT
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Consolidated Financial Results
for the year ended 31 December 2022
Investor Relation Presentation
15 March 2023
KEY FINANCIAL HIGHLIGHTS FOR 2022
Al Meera recorded consolidated sales of QAR 2.8 billion for the year ended 31 December 2022, a decrease of 0.3% compared to 2021. The sales decline is primarily due to competition.
Gross profit amounted to QAR 548.8 million, a decrease of 0.5% compared to 2021. Gross profit margin was at 19.5%.
Rental income grew by 2.3% to QAR 83.2 million compared to QAR 81.3 million in 2021.
Other income increased to QAR 21.2 million, due to higher dividends from equity investments.
Operating expenditures increased by 1.4% to QAR 317.9 million compared to QAR 313.4 million last year.
Al Meera reported a net profit of QAR 195.5 million and earnings per share is QAR 0.98 for the year ended 31 December 2022.
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KEY FINANCIAL HIGHLIGHTS FOR 2022 (Cont'd)
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OPERATIONS UPDATE FOR 2022
In 2022, Al Meera opened 8 supermarkets and convenience store in Qatar, and the newly constructed community mall in Al Amirat in Oman was opened in Q4-2022. With the new store openings, Al Meera currently has 68 stores in Qatar and 7 stores in Oman.
Al Meera has taken several initiatives to support the FIFA World Cup event held in Qatar.
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 14 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2023 12:35:09 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.