Zamil Industrial Investment Co. Announces Condensed Consolidated Interim Financial Results for the Three-Month Period Ending 31 March 2020
21-May-2020

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 922,494 1,020,977 -9.6% 1,114,243 -17.2%
Gross Profit (Loss) 121,207
127,756 -5.1% 232,289 -47.8%
Profit (Loss) Operational (9,416) (6,002) 56.9% 31,380
Net Profit (Loss) after Zakat and Tax (28,825) (47,152) -38.9% (13,970) 106.3%
Total Comprehensive Income (33,250) (47,015) -29.3% (12,352) 169.2%

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) 1,245,517 1,368,931 -9.0%
Profit (Loss) per Share (0.48) (0.79) -38.9%

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 The Net Loss reduction is due to:
1) Better Gross Profit Margin in the AC Sector
2) Better Operating Margin in the Steel Sector
3) Increase in profit from associated companies and other income
4) Decrease in Financial Charges
5) Decrease in Zakat and Income Tax.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter The Net Loss increased due to:
1) Reduction in sales across all sectors
2) Lower Gross Profit Margin across all sectors
3) Lower Operating Margin in the AC and Steel Sectors
4) Lower Other Income.
Type of the 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