Qatari German Company for Medical Devices (Q.P.S.C.) (QGMD) Earnings Call Transcript & Summary

Good day, and welcome to the Qatar German Medical Devices Company Third Quarter 2021 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Roy Thomas. Please go ahead, sir.

Hello, everyone. This is Roy Thomas from QNB Financial Services. I want to welcome everyone to Qatar German Medical Devices Company's Third Quarter 2021 Financial Results Conference Call. On this call from Qatari German Medical Devices company, we have Mohammad Ali Al-Ansari, Board Member and Managing Director; and Abdullah Dhamesh, who is the Finance Manager. We will conduct this conference call with management first reviewing the company's results followed by Q&A. I will turn the call now over to Abdullah Dhamesh. Go ahead, Abdullah.

Okay. Thank you, Mr. Roy. Thank you for your report. [Foreign Language] thank you for our investors. We now reaching third quarter of this -- journey of this year, 2021. And it was a tough year for all the people and with a big challenge in all aspects being corona test for all the people during their activities, which we believe that in Qatari German Company for Medical Devices that we success in basing this time with lists of losses and a list of challenge to achieve our goals. And it was a plan from 2020 until 2021 to reach to such these figures. And we are happy to announce that during the QGMD history, from the beginning until now, we made a record in this quarter to reach a sales of QAR 30 million as of September 30, 2021, which is more what we expect in this year. And it seems that our plans and our goals and our procedures are efficient enough to generate such these numbers during this quarter. And comparing with 2021, we need to see that our revenue has increased more than 42% from the same period of 2020, which is a good and a good enhancement in our sales, okay. Plus, we have keeping the same cost, same expenses, okay, comparing with the sales. Yes, we achieved a lot of sales with a good GP, as you can see in the figures, with a challenge of the market that all the people knows that we faced a lot of increasing in the raw materials, increasing in the flight charges, increasing. And we see a lot of close of borders during this pandemic of corona, even so QGMD has achieved these numbers with minimum cost that we can handle it. And if you see the figures we reach to a profit of QAR 1.5 million, QAR 760,000, comparing with a losses for the same period for the last year of around QAR 600,000, which is around 363% improved to our figures during this period. And we see that also the basic and derivative profit base share has been gone to the positive numbers from minus 0.005 to plus 0.14. And it's a chance for us to thank all the people who trust in QGMD, who bought their dreams on QGMD and we thank also our staff to generate such these figures. And first of all, and before that, our new Board. And the top Mr. Ali Hassan Ali Al-Emadi, our Chairman. And we know that we have a new board with a new blood in the company, which reached us to these figures. And the future is very optimistic for us and we are into a lot of achievement [Foreign Language] within the coming days. Thank you. Thank you for being a partner of QGMD. Thank you for being interesting in QGMD activities, and we are wishing all the best to everyone in our scope. Thank you, Mr. Roy.

Operator, you can open the thing for questions right now.

[Operator Instructions] It appears there are no questions at this time, sir.

All right. If there are no questions, we would like to thank Qatar German Medical Devices company's management for the results update and look forward to speaking to you all for the final quarter results.

This concludes today's call.

Thank you. Thank you, Mr. Roy.

Thank you, sir. This concludes today's call. Thank you for your participation. You may now disconnect.