06-08-2020
Profit: Net profit for the period from 2nd December 2019 till end of the 1st half 2020 amounted QAR 83.89 million. Earnings per share amounted QAR 0.046. Regarding the 2nd quarter’s profit, the company achieved QAR 44.23 million compared to QAR 39.66 million for the preceding four months from December 2019 till March 2020.
Item | December 2019 - March 2020 | Q2 2020 | Total |
Revenue | 236.8 | 205.1 | 441.9 |
Total Profit | 63.8 | 62.11 | 125.91 |
Other revenues (support) | 60.54 | 37.03 | 97.57 |
Financing cost | 8.61 | 10.12 | 18.73 |
Net Profit | 39.66 | 44.23 | 83.89 |
Revenues: Total revenues amounted QAR 442 million for the seven-month period referred to above. This means that the average monthly revenue of the company amounted QAR 63 million. Dairy sales comprise 98% of the company’s total revenues while juices comprises 5% and livestock 2%. Sales of fertilizers, feed and plastic comprise 2%. Total profit (revenues – direct costs) amounted as at the end of the period nearly QAR 125.91 million, a 28.5%. This translates that the company achieve 28.5 dirhams from every single riyal of sales before the calculation of administrative and financing expenses.