- QAMCO’s share of JV’s revenue for the year ended 31 December 2020 amounted to QR 2.2 billion
- QAMCO’s share of the JV’s EBITDA remained robust at QR 652 million, achieving an EBTIDA margin of ~30%
- Earnings per share of QR 0.017 for the year ended 31 December 2020
- Q4-20 profitability of QR 82 million, significantly recovered versus Q3-20 and posted the best quarterly profit till date since QAMCO’s incorporation, amid product prices recovery
- QAMCO JV’s dynamic shift of product mix to adjust market volatilities supported resilient sales volumes and improved margins for the financial year 2020
- Swift response to operational cost and CAPEX optimization led to a continued low-cost operating base, while cash conservation remained robust
- Robust cash position with QAMCO’s closing cash balance[1] (including share of cash in QAMCO’s JV) stood at QAR 740 million
Doha, Qatar: Qatar Aluminium Manufacturing Company Q.P.S.C., a 50% joint venture partner in one of the world’s most efficient, low-cost smelters that produces premium high quality aluminium products, today reported a net profit of QR 95 million for the year ended 31 December 2020, with an earnings per share (EPS) of QR 0.017.
Read the full report here.
-Ends-
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
