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

Hello, everyone, and welcome to the Qatari German Medical Devices Company Conference Call. Please note that this call is being recorded. I'd now like to hand over to our moderator for today, Roy Thomas. Thank you. Please go ahead.

Thanks, Ellie. Hello, everyone. This is Roy Thomas from QNB Financial Services. I want to welcome everyone to Qatar German Medical Devices Company's First Quarter 2024 Financial Results Conference Call. On this call from Qatar German Medical Devices Company, we have Amer Abu Shaikha, the Board Member. We will conduct this conference call with Amer Abu Shaikha, first to bring the company's results, followed by a Q&A. I will turn the call now over to Amer. Go ahead.

Thank you, Roy. Hello, everybody. I'm going to share with you the figures for our Q1 financials. We have achieved a revenue of QAR 5.9 million, with a gross profit of QAR 3.2 million, which is equal to nearly 55% of the gross margin. And out of this, we got a net profit of QAR 284,447, which indicate a growth of our profit from the last quarter in 2023, about 5.5%. These are mainly the figures for the first quarter. If anybody would like to have any questions, I'm here to answer.

[Operator Instructions]. As of right now, we don't have any raised hands. I'd like to hand back over to the moderator for the final remarks.

All right. If there are no questions, I would like to thank Amer Abu Shaikha from Qatar German Medical Devices Company for the results update. And we look forward to speaking to you all for the second quarter results. Thank you.

Hopefully, for sure. Thank you very much.

Thank you so much, everyone, for attending today's call. You may now disconnect. We hope you have a wonderful day.