Integrated K S C P : Supplementary Disclosure analyst/investors conference presentation for the first quarter of 2023
May 16, 2023 at 04:00 am EDT
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Integrated Holding Co. KSCP
Analyst Conference
Q1 2023 Results
Contents
Page
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Overview
4
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Financial Highlights
6-10
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Company Highlights
12-13
Q&A
Analyst Conference - Q1 2023
2
IHC Overview
Analyst Conference - Q1 2023
3
Overview
The overall performance of the company in Q1 2023 is deemed satisfactory, marked by improvements in operational profitability. There has been a notable 7% improvement in operating profit compared to the performance in the year 2022. However, factors such as additional provisions for doubtful debts, in line with the requirements of IFRS 9, and lower income from the sale of equipment have resulted in a lower net profit for the quarter compared to Q1 2022.
The company's efforts to expand its presence in the KSA market have begun to yield positive results. However, substantial improvements in operations are expected to materialize starting from Q3 2023.
Mega projects in Qatar are currently in the implementation stage. However, due to resource constraints on the project side, the execution process is progressing at a slower pace. It is anticipated that a swifter execution phase will commence from Q4 2023.
The revenue rates for rental equipment are still at historical levels, but they are expected to improve once the implementation of awarded projects gains momentum on a faster track.
Analyst Conference - Q1 2023
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Integrated Holding Co. KSCC published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 07:59:04 UTC.
Integrated Holding Co KSCC is a Kuwait-based company, which provides services for logistics, heavy lift, engineering and equipment requirement to the Middle East and North Africa (MENA) region. The Companyâs main activities are divided into five divisions: General transportation includes transportation of all types of cargo, containers, fuel distribution and water delivery; Equipment hire division provides various types of material handling, earth moving and industrial equipment on hire; Heavy lift handling is focused on the transportation of heavy and over dimensional cargo, and operates various ranges of cranes from 25 to 2200 tons; Forwarding and custom clearing division offers total logistics solution to transport, any type of cargo on door to door basis from anywhere in the world, as well as Contracting division offers long term contracts upto five years for hire of heavy equipment and transport vehicles.