Financial Overview of Qatar National Cement Co. Q.P.S.C (QNCD)
Qatar National Cement Company (QNCC) is a publicly listed company on the Qatar Exchange, with a share capital of 653.5 million shares, each with a par value of Qatari Riyal 1 and fully paid. The market rate of QNCC shares can be tracked on the official stock exchange of Qatar. The company has a strong financial position and has been investing in new technologies to maintain its competitiveness in the industry.
QNCC is a major producer and seller of Ordinary Portland Cement (OPC), Sulphate Resistant Cement (SRC), and Washed Sand in the State of Qatar. It has four cement plants, two sand washing plants, and a calcium carbonate plant, with a total cement production capacity of 19,000 T.P.D. and a total sand washing plant production capacity of 40,000 T.P.D. The company has an experienced and professional management team.
In 2021, QNCC reported a net profit of QAR 146.5 million, driven by the strong demand for cement products in Qatar. Its total assets were valued at QAR 3.1 billion, and its total liabilities were QAR 1.5 billion, resulting in a healthy debt-to-equity ratio. QNCC has maintained a strong dividend payout record over the past 30 years, providing consistent returns to its shareholders. It is committed to delivering sustainable growth and value to its shareholders while maintaining high standards of corporate governance and social responsibility.
In the first half of 2022, QNCC reported a 6% decrease in sales due to a general decline in market demand, partially offset by an increase in cement prices. The cost of revenue increased by 2% due to an increase in energy prices and general inflationary pressure. Gross profit increased by 19% due to an increase in energy prices and general inflationary pressure, while net profit increased by 26% due to an increase in other income and a decrease in sales and marketing expenses. The company paid a 30% dividend to its shareholders. Despite the challenging market conditions, QNCC has shown resilience in its financial performance and continues to invest in cost-controlling initiatives and explore new growth opportunities to further enhance its financial performance in the future.
Financial Overview of Qatar National Cement Co. Q.P.S.C (QNCD): Version 1
Qatar National Cement Company (QNCC) is a publicly held company with its shares listed on the Qatar Exchange. The company has a share capital of 653.5 million shares, each with a par value of Qatari Riyal 1 and fully paid. The market rate of QNCC shares can be tracked on the official stock exchange of Qatar.
Over the past 30 years, QNCC has maintained a strong dividend payout record, providing consistent returns to its shareholders. The company has a solid financial position and continues to invest in the latest technologies to maintain its competitiveness in the industry.
In 2021, QNCC reported a net profit of QAR 146.5 million, driven by the strong demand for cement products in Qatar. The company’s total assets were valued at QAR 3.1 billion, and its total liabilities were QAR 1.5 billion, resulting in a healthy debt-to-equity ratio. QNCD paid a 30% dividend to its shareholders.
QNCC is committed to delivering sustainable growth and value to its shareholders, while maintaining high standards of corporate governance and social responsibility. The company’s financial performance, combined with its commitment to excellence, makes it a reliable partner for businesses and investors seeking a trusted and stable investment opportunity in Qatar’s cement industry.
Financial Overview of Qatar National Cement Co. Q.P.S.C (QNCD): Version 2
QNCD is a major producer and seller of OPC, SRC Cement, and Washed Sand in the State of Qatar. It has four cement plants, two sand washing plants, and a calcium carbonate plant with a total cement production capacity of 19,000 T.P.D. and a total sand washing plant production capacity of 40,000 T.P.D. The company has an experienced and professional management team.
In terms of achievements, QNCD has covered market demand for all types of cement, washed sand, and calcium carbonate. It has also controlled various operational costs without compromising quality and efficiency. The management has taken cost-controlling initiatives and released a techno-commercial tender for a consultancy of a waste management project. QNCD paid a 30% dividend to its shareholders.
The condensed interim income statement for the six months ended June 30, 2022, showed a 6% decrease in sales due to a general decline in market demand, partially offset by an increase in cement prices. The cost of revenue increased by 2% due to an increase in energy prices and general inflationary pressure. Gross profit increased by 19% due to an increase in energy prices and general inflationary pressure, while net profit increased by 26% due to an increase in other income and a decrease in sales and marketing expenses.
The current ratio decreased to 5.8 times as compared to 6.35, mainly due to payment of 30% dividend to shareholders and an increase in payables. Equity to total assets ratio stayed put at 0.89 in Q2 2021.
Overall, QNCD has shown resilience in its financial performance despite the challenging market conditions. The company continues to invest in cost-controlling initiatives and explore new growth opportunities to further enhance its financial performance in the future.