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

All figures are in thousands of Saudi Riyals


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

All figures are in thousands of Saudi Riyals


ELEMENT EXPLANATION
The reason of the increase (decrease) in the 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 of the increase (decrease) in the net profit during the current quarter compared to the previous period 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 Opinion None.
Reclassification of Comparison Items Comparative figures have been reclassified to conform with the presentation in the current period.
Additional information   –