Zamil Industrial Investment Company Announces Its Annual Financial Results for the Year Ending 31 December 2022

ELEMENT LIST	CURRENT YEAR	PREVIOUS YEAR	% CHANGE
Sales/Revenue	3,926,186	3,523,817	11.4%
Gross Profit (Loss)	551,428	487,432	13.1%
Operational Profit (Loss)	(41,449)	(110,419)	62.5%
Net Profit (Loss) after Zakat and Tax	(178,069)	(159,417)	11.7%
Total Comprehensive Income	(195,841)	(166,745)	17.4%
Total Shareholders' Equity (after deducting minority equity)	770,883	966,724	-20.2%
Profit (Loss) per Share	(2.97)	(2.66)	–

ELEMENT LIST	EXPLANATION
The increase (decrease) in Net Profit for the current year compared to last year is attributable to:	Net loss for the year is due to: 1) Higher Financial Charges by SAR 57.7 million. 2) Higher Tax and Zakat by SAR 12.8 million. 3) Lower Profits from Associated Companies by SAR 3.1 million and lower Other Income by SAR 15.6 million. 4) Provision for Expected Credit Loss of SAR 72.3 million However, the impact of the above is partly offset by the following: 1) Higher sales resulted in an improvement in Gross Profit in the Air Conditioning and Steel Sectors. 2) Improved operating profit and margin in the Steel Sector.
Statement of the type of external auditor's report	Unmodified Conclusion
Reclassification of Comparison Items	Comparative figures have been reclassified to conform with the presentation in the current year.