Zamil Industrial Investment Co. Announces Condensed Consolidated Interim Financial Results for the Six-Month Period Ending 30 June 2020
28-July-2020

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 754,159 1,046,565 (27.9%) 922,494 (18.2%)
Gross Profit (Loss) 79,440 102,100 (22.2%) 121,207 (34.4%)
Profit (Loss) Operational (39,017) (49,887) (21.8%) (9,416) 314.4%
Net Profit (Loss) after Zakat and Tax (58,307) (49,553) (17.7%) (28,825) 102.3%
Total Comprehensive Income (59,430) (47,761) (24.4%) (33,250) 78.7%

All figures are in thousands of Saudi Riyals


ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Sales/Revenue 1,676,653 2,067,542 (18.9%)
Gross Profit (Loss) 200,647 229,855 (12.7%)
Profit (Loss) Operational (48,433) (55,889) (13.3%)
Net Profit (Loss) after Zakat and Tax (87,132) (96,705) (9.9%)
Total Comprehensive Income (92,680) (94,776) (2.2%)
Total Shareholders' Equity (after deducting minority equity) 1,186,087 1,321,170 (10.2%)
Profit (Loss) per Share (1.45) (1.61)

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 across all sectors.
2) Lower gross profit margin in the Steel and Insulation sectors.
3) Lower operating margin in the Steel and Insulation sectors.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net loss increased due to:
1) Sales reduction in the Steel and Insulation sectors.
2) Lower gross profit margin across all sectors.
3) Lower operating margin in the Steel and Insulation sectors.
4) Reduction in profits from associated companies and other income.
5) Increase in zakat and income tax.
Reasons for increase (decrease) in net profit during current period compared with same period last year Net loss decreased due to:
1) Better gross profit and operating margin in the AC Sector.
2) Lower operating expenses.
3) Increase in profit from associated companies.
4) Decrease 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