Zamil Industrial Investment Co. Announces Consolidated Interim Financial Results for the Six-Month Period Ending 30 June 2019
25-July-2019

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 1,046,565 1,060,890 (1.35%) 1,020,977 2.51%
Gross Profit (Loss) 98,420 143,212 (31.3%) 124,088 (20.7%)
Profit (Loss) Operational (52,643) (7,015) 650.4% (8,759) 501.0%
Net Profit (Loss) after Zakat and Tax (49,553) (39,768) 24.6% (47,152) 5.1%
Total Comprehensive Income (47,761) (47,682) 0.2% (47,015) 1.6%

All figures are in thousands of Saudi Riyals


ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Sales/Revenue 2,067,542 2,030,886 1.8%
Gross Profit (Loss) 222,508 316,665 (29.7%)
Profit (Loss) Operational (61,402) 36,300
Net Profit (Loss) after Zakat and Tax (96,705) (24,200) 299.6%
Total Comprehensive Income (94,776) (35,159) 169.6%
Total Shareholders' Equity (after deducting minority equity) 1,321,170 1,561,142 (15.4%)
Profit (Loss) per Share (1.61) (0.40)

All figures are in thousands of Saudi Riyals


ELEMENT EXPLANATION
Reasons for increase (decrease) in net profit during current quarter compared with same quarter last year Net loss increased due to:
1) Reduction in sales in the AC sector due to project delays;
2) Reduction in gross profit margins in the AC and Steel sectors due to increases in input costs, pressure on selling prices, and severe competition;
3) Increase in financial charges.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net loss increased due to:
1) Reduction in gross profit margins across all sectors due to increase in input costs, pressure on selling prices, and severe competition;
2) Increase in financial charges.
Reasons for increase (decrease) in net profit during current period compared with same period last year Net loss increased due to:
1) Reduction in sales in AC sector due to project delays;
2) Reduction in gross profit margins in the AC and Steel sectors due to increase in input costs, pressure on selling prices, and severe competition;
3) Increase in financial charges.
External auditors' opinion The external auditors reviewed the financial statements and issued an unmodified report.
Reclassifications in quarterly financial results Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information