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

Hello, everyone, and welcome to Qatari German Medical Devices Company Conference Call. Please note that this conference is being recorded. I'd now like to hand you over to Roy Thomas. You may now start the conference call.

Thanks, Ellie. Hello, everyone. This is Roy Thomas from QNB Financial Services. I want to welcome everyone to Qatari German Medical Devices Company's Second Quarter and First Half 2023 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, the Investor Relations Officer. 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.

Thank you, Mr. Roy, and welcome all the people, investors to our call conference call for Q2 2023 financial results conference call. With a growth of 7% during the first half of 2023, QR 24.9 million revenues of Qatari German for Medical Devices, our financial results indicate the success of the company's strategic vision. We seek to continue achieving strong results that consider Qatari German position as a leading company. Qatari German Company for Medical Devices announced its financial results during the first half of 2023 with a total revenue amounting to QR 24.9 million, a growth rate of 7.54% compared to the same period last year. The company indicated in the press release that the total profit during the first half of this year amounted to QR 7.9 million as a gross profit, an increase of 3% over the previous year, while the net profit amounted to QR 1,562,282, an increase of 4% compared to the same period last year. These positive results were reflected in earning per share, which amounted to QR 0.014 with a growth of 7.7%. Allow me to quote here from the statements from our management that the advanced result achieved by the company indicated the success of the strategic vision of the company, stressing the commitment of the Qatari German Medical Device company to provide value that takes into account all the needs of patients and medical staff in Qatar and in the region and in the world. Thank you and welcoming for any questions.

[Operator Instructions] Seems like we don't have any questions. I'd now like to hand back over to the management for their closing remarks.

All right. If there's no -- any questions, we'd like to thank Qatari German Medical Devices company's management for the results update, and we look forward to speaking to you all for the third quarter 2023 results conference call. Thank you.

Thank you, Mr. Roy, and thank you for everyone.

Thank you for attending this conference. You may now all disconnect.