Zamil Industrial Investment Co. Announces Condensed Consolidated Interim Financial Results for the Nine-Month Period Ending 30 September 2019
31-October-2019

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 1,096,441 1,074,181 2.1% 1,046,565 4.8%
Gross Profit (Loss) 143,150 163,355 (12.4%) 98,420 45.4%
Profit (Loss) Operational 698 6,978 (90.0%) (52,643)
Net Profit (Loss) after Zakat and Tax (28,134) (22,575) 24.6% (49,553) (43.2%)
Total Comprehensive Income (29,491) (20,098) 46.7% (47,761) (38.3%)

All figures are in thousands of Saudi Riyals


ELEMENT LIST CURRENT PERIOD SIMILAR PERIOD FOR PREVIOUS YEAR % CHANGE
Sales/Revenue 3,163,983 3,105,067 1.9%
Gross Profit (Loss) 365,658 480,020 (23.8%)
Profit (Loss) Operational (60,704) 43,278
Net Profit (Loss) after Zakat and Tax (124,839) (46,775) 166.9%
Total Comprehensive Income (124,267) (55,257) 124.9%
Total Shareholders' Equity (after deducting minority equity) 1,291,679 1,539,407 (16.1%)
Profit (Loss) per Share (2.08) (0.77)

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 reduction in gross profit margins in the AC sector due to increase in input costs, pressure on selling prices, and severe competition.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net loss reduced due to:
1) Increase in sales in the AC sector by 27%;
2) Increase in gross profit margins in the AC and Steel sectors; 3) Reduction in financial charges, zakat, and income tax.
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 the 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