Zamil Industrial Investment Company Announces Its Interim Financial Results for the Three-Month Period Ending 31 March 2022

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	896,796	949,181	(5.5%)	900,200	(0.4%)
Gross Profit (Loss)	95,951	138,025	(30.5%)	77,913	23.2%
Operational Profit (Loss)	(27,453)	18,382	–	(157,882)	–
Net Profit (Loss) after Zakat and Tax	(51,921)	5,200	–	(172,534)	–
Total Comprehensive Income	(60,773)	5,062	–	(178,598)	–

ELEMENT LIST	EXPLANATION
The reason for the increase (decrease) in net profit during the current quarter compared to the same quarter of the last year is	Net loss for the quarter is due to: 1) Lower sales in the AC and Insulation sectors; 2) Lower gross profit and operating margin across all sectors; 3) Higher financial charges of SAR 3.5 million; 4) Increase in provision for expected credit loss and zakat by SAR 2.6 million and SAR 5.9 million respectively; 5) Lower profits from associated companies by SAR 5 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 is lower due to: 1) Higher sales in the AC sector; 2) Better gross profit and operating margin in the AC sector; 3) Lower provisions for expected credit loss as compared to higher provisions taken in Q4 2021; 4) Lower loss from associated companies by SAR 3.2 million.
Statement of the type of external auditor's report	Unmodified Conclusion
Modification, Qualification or Emphasis of a Matter as Stated within 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	–

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
Total Shareholders' Equity (after deducting minority equity)	905,951	1,138,531	(20.4%)
Profit (Loss) per Share	(0.87)	0.09	–