Zad Holding Company Q.P.S.C. (ZHCD) Earnings Call Transcript & Summary

Hello, and welcome to the Zad Holding conference call. I would like to advise all participants that this call is being recorded. Thank you. I'd now like to welcome Phibion to begin the conference. Phibion, over to you.

Thank you, Connie. Good afternoon to you all, and thank you for joining us for the Zad Holding Company's First Quarter 2023 Earnings Conference Call. My name is Phibion Makuwerere from QNB Financial Services. And on today's call, we have 2 members of Zad Holding's management team. We have got Abdul Salam Abdul Hakeem, who is the Vice President of Finance; and we've got Abdella Ali Ismail, who is the Head of IR and Board Secretary. So in this conference call, Abdul will go over the numbers first. And then after that, we have a question-and-answer segment. I will now turn over the call to Abdul to start. Abdul, please go ahead.

Hello. Good day to all of you. Welcome to the conference call to discuss on the financials of Zad Holding Company for the first quarter 2023. As usual, I'll give a small brief about the performance of the company with respect to revenue, gross profit, net profit and EBITDA and leave it to the floor for the question and answers. We achieved revenue of QAR 310.31 million for the first quarter 2023 as against QAR 377.6 million for the same period last year. And we also achieved a gross profit of QAR 77.92 million for the first quarter 2023 in comparison to QAR 82.09 million for the first quarter 2022. Net profit remained at QAR 41.73 million for the first quarter 2023 [ against QAR 42.84 ] million for the same period last year. And we marginally grossed about QAR 6 million around on the EBITDA side. In first quarter, we achieved QAR 62 million as against QAR 56.61 million. Now I leave it to the floor for the question-and-answer session.

[Operator Instructions] Now your first question comes from the line of [ Ejayan Al-ahbabi ].

I was just wondering what is your outlook for the current year, especially after the -- post World Cup?

Actually, gentleman, actually we are talking about the first quarter performance as of now. The outlook, as of now, I won't be able to talk about it. But we feel that like it will be definitely better compared to last year.

Better overall or just in a specific quarter?

Better overall.

[Operator Instructions] Since there are no further questions at this time, I turn back the call to Phibion. Phibion, over to you.

All right. Thank you, Connie. It seems we don't have any more questions from the audience, which brings us to the end of our call today. So I would like to thank you all for joining us, for your questions. And I also would like to thank Abdul for updating investors on Zad's performance for the first quarter. Please join us again for the second quarter conference call. Have a good afternoon. Thank you.

Thank you so much.

This now concludes today's conference. You may now disconnect. Thank you.