Zamil Industrial Announces Its Condensed Consolidated Interim Financial Results for the Period Ending on 30-09-2021 (Nine Months)
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Element List
Current Quarter
Similar quarter for previous year
%Change
Previous Quarter
% Change
Sales/Revenue
827,015
824,391
0.318
847,421
-2.408
Gross Profit (Loss)
135,096
107,043
26.207
123,484
9.403
Operational Profit (Loss)
12,973
-13,777
-
13,738
-5.568
Net Profit (Loss) after Zakat and Tax
852
-38,495
-
7,066
-87.942
Total Comprehensive Income
953
-35,324
-
5,838
-83.675
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
Current Period
Similar period for previous year
%Change
Sales/Revenue
2,623,617
2,424,469
8.214
Gross Profit (Loss)
396,387
305,175
29.888
Operational Profit (Loss)
43,358
-59,365
-
Net Profit (Loss) after Zakat and Tax
13,118
-125,627
-
Total Comprehensive Income
11,853
-128,004
-
Total Share Holders Equity (after Deducting Minority Equity)
1,145,322
1,150,763
-0.472
Profit (Loss) per Share
0.22
-2.09
All figures are in (Thousands) Saudi Arabia, Riyals
Element List
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
The increase in Net profit for the quarter is due to:
1) Increased Sales in the Steel sector.
2) Improved Gross Profit and Operating Margins in both the AC and Steel sectors.
3) Lower Financial Charges.
4) Increase in Other Income.
5) Reduction in Loss from Discontinued Operations.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is
The decrease in Net profit is due to:
1) Lower Sales in both the AC and Steel sectors.
2) Lower Operating Margin in the AC sector.
3) Higher provisions for expected credit loss.
4) Lower Other Income.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is
The increase in Net profit is due to:
1) Increased Sales in the Steel sector.
2) Improved Gross Profit and Operating Margins across all sectors.
3) Lower Operating Expenses and Financial Charges.
4) Reduction in Loss from Discontinued Operations.
5) Increase in Other Income.
Statement of the type of external auditor's report
Unmodified conclusion
Reclassification of Comparison Items
Comparative figures have been reclassified to conform with the presentation in the current period.
The Capital Market Authority and the Saudi Stock 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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Zamil Industrial Investment Co. SJSC published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 19:22:16 UTC.
Zamil Industrial Investment Co SJSC (ZIIC) is a Saudi Arabia-based company engaged in the development of solutions for use in the construction industry. The Company implements its engineering through a range of products: pre-engineered steel buildings, steel structures, air conditioning and climate control systems designed for a range of commercial, industrial and residential applications, telecom and transmission towers, process equipment, precast concrete building products, fiberglass, Rockwool and engineered plastic foam insulations, and solar power projects. The Company also offers installation and erection services. The Company operates manufacturing facilities in Saudi Arabia, United Arab Emirates, Egypt, India, Vietnam and Italy. The Companyâs subsidiaries include Universal Building Systems Limited, Zamil Steel Company and Zamil Steel Buildings Company, among others.