Analysis of the company’s financial performance under the risks of (COVID 19) a case study in industrial companies

• Main Authors: Al-Ghazali, Hussam Ali Abdel-Sada, Hasan, Hawraa Falyyih, Al-Ameri, Ammar Saleem Mohammed
• Format: Conference Proceeding
• Language: English
• Subjects: Market positioning; Pharmaceutical industry; Pharmaceuticals
• ISSN: 0094-243X; 1551-7616
• DOI: 10.1063/5.0199718

The study aims to analyze the financial performance of industrial companies in the Iraqi environment in light of their exposure to the risks of Covid 19 and to identify the most important financial effects that resulted from those risks from the side of the financial position and business results. To achieve the goal of the study, the researchers reviewed the theoretical literature and previous studies related to the subject of the study. It also adopted the applied and analytical approach to determine the extent to which companies are affected by the risks of Covid 19 by relying on the financial statements of Al-Mansour Pharmaceutical Company and Al-Warith Industrial Company. The study concluded that the risks of Covid 19 greatly and unexpectedly affected the business environment, especially companies in the industrial sector, where their impact was positive on the one hand and a negative impact on the other, and this is due to the nature of the products in the market, so medical and preventive products were the most popular by people during that period, the pharmaceutical companies achieved high profits, while other industrial products were subject to stagnation and damage, and in the end, large financial losses. The researchers recommended that companies move to a policy of facing crises and unexpected risks as one of the main objectives of the company in order to maintain its position in the market.