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

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	% CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	1,011,356	827,015	22.3%	957,207	5.7%
Gross Profit (Loss)	153,496	135,828	13.0%	115,947	32.4%
Operational Profit (Loss)	33,552	13,966	140.2%	(2,432)	–
Net Profit (Loss) after Zakat and Tax	2,435	852	185.7%	(28,993)	–
Total Comprehensive Income	(1,841)	953	–	(33,373)	-94.5%

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	% CHANGE
Sales/Revenue	2,865,359	2,623,617	9.2%
Gross Profit (Loss)	365,394	405,906	-10.0%
Operational Profit (Loss)	3,667	47,463	-92.3%
Net Profit (Loss) after Zakat and Tax	(78,479)	13,118	–
Total Comprehensive Income	(95,987)	11,853	–
Total Shareholders' Equity (after Deducting Minority Equity)	870,737	1,145,322	-23.97%
Profit (Loss) per Share	(1.31)	0.22	–

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	The increase in Net profit for the quarter is due to: 1) Higher sales across all sectors; 2) Better gross profit and operating margin in the AC sector; 3) Higher profits from associated companies; 4) Lower losses from discontinued operations.
The reason for the increase (decrease) in net profit during the current quarter compared to the previous quarter of the current year is	Net profit for the quarter is due to: 1) Higher sales across all sectors; 2) Better gross profit and operating margin in the AC and Steel sectors; 3) Higher profits from associated companies; 4) Lower losses from discontinued operations.
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 30.6 million; 3) Lower profits from associated companies by SAR 9.9 million; 4) Lower other income by SAR 4.8 million; 5) Higher Zakat and Tax provision by SAR 4.5 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	–