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Zamil Industrial Investment Company Announces Its Interim Financial Results for the Period Ending on 30-06-2022 (Six Months)

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 957,207847,42112.96896,7966.74
Gross Profit (Loss) 115,947132,053-12.295,95120.84
Operational Profit (Loss) -2,43215,115--27,453-91.14
Net Profit (Loss) after Zakat and Tax -28,9937,066--51,921-44.16
Total Comprehensive Income -33,3735,838--60,773-45.09
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 1,854,0031,796,0623.23
Gross Profit (Loss) 211,898270,078-21.54
Operational Profit (Loss) -29,88533,497-
Net Profit (Loss) after Zakat and Tax -80,91412,266-
Total Comprehensive Income -94,14610,900-
Total Share Holders Equity (after Deducting Minority Equity) 872,5781,144,369-23.75
Profit (Loss) per Share -1.350.2
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 gross profit and operating margin in the AC and Steel Sectors;

2) Higher financial charges of SAR 12.7 million;

3) Lower profits from associated companies by SAR 5.4 million;

4) Lower other income by SAR 1.8 million.

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is Net loss reduced due to:

1) Higher sales across all sectors;

2) Better gross profit and operating margin in the AC and Steel sectors;

3) Higher other income by SAR 1.1 million.

The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Net loss is due to:

1) Lower gross profit and operating margin across all sectors;

2) Higher financial charges of SAR 16.2 million;

3) Lower profits from associated companies by SAR 10.5 million;

4) Lower other income by SAR 2.2 million;

5) Higher Zakat and Tax provision by SAR 2.7 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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