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Zamil Industrial Investment Company Announces Its Interim Financial Results for the Period Ending on 31-03-2022 (Three Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 896,796949,181-5.518900,200-0.378
Gross Profit (Loss) 95,951138,025-30.48277,91323.151
Operational Profit (Loss) -27,45318,382--157,882-82.611
Net Profit (Loss) after Zakat and Tax -51,9215,200--172,535-69.906
Total Comprehensive Income -60,7735,062--178,598-65.972
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 905,9511,138,531-20.428
Profit (Loss) per Share -0.870.09
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
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 by 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.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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