Zamil Industrial Investment Company Announces Its Interim Financial Results for the Six-Month Period Ending 30 June 2022

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	957,207	847,421	13.0%	896,796	6.7%
Gross Profit (Loss)	115,947	132,053	(12.2%)	95,951	20.8%
Operational Profit (Loss)	(2,432)	15,115	–	(27,453)	(91.1%)
Net Profit (Loss) after Zakat and Tax	(28,993)	7,066	–	(51,921)	(44.2%)
Total Comprehensive Income	(33,373)	5,838	–	(60,773)	(45.1%)

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
Sales/Revenue	1,854,003	1,796,062	3.2%
Gross Profit (Loss)	211,898	270,078	(21.5%)
Operational Profit (Loss)	(29,885)	33,497	–
Net Profit (Loss) after Zakat and Tax	(80,914)	12,266	–
Total Comprehensive Income	(94,146)	10,900	–
Total Shareholders' Equity (after Deducting Minority Equity)	872,578	1,144,369	(23.75%)
Profit (Loss) per Share	(1.35)	0.20	–

ELEMENT LIST	EXPLANATION
The reason for the increase (decrease) in net profit during the current quarter compared to the same quarter of last year is	Net loss for the quarter is due to: 1) Lower gross profit and operating margin in the AC and Steel Sectors; 2) Higher financial charges of SAR 12.7 million; 3) Lower profits from associated companies by SAR 5.4 million; 4) Lower other income by SAR 1.8 million.
The reason for the increase (decrease) in net profit during the current quarter compared to the previous quarter of the current year is	Net loss reduction is due to: 1) Higher sales across all sectors; 2) Better gross profit and operating margin in the AC and Steel sectors; 3) Higher other income by SAR 1.1 million.
The reason for the increase (decrease) in net profit during the current period compared to the same period of the last year is	Net loss is due to: 1) Lower gross profit and operating margin across all sectors; 2) Higher financial charges of SAR 16.2 million; 3) Lower profits from associated companies by SAR 10.5 million; 4) Lower other income by SAR 2.2 million; 5) Higher Zakat and Tax provision by SAR 2.7 million.
Statement of the type of external auditor's report	Unmodified Conclusion
Modification, Qualification or Emphasis of a Matter as Stated in the External Auditor's Opinion	None
Reclassification of Comparison Items	Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information	–