Zamil Industrial Investment Co. Announces Its Interim Financial Results for the Three-Month Period Ending 31 March 2021
22-April-2021

ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR % CHANGE PREVIOUS QUARTER % CHANGE
Sales/Revenue 949,181 880,278 7.8% 958,493 -1.0%
Gross Profit (Loss) 137,807 118,551 16.2% 157,938 -12.7%
Operational Profit (Loss)16,647 (9,131) (1,388)
Net Profit (Loss) after Zakat and Tax 5,200 (28,825) (34,246)
Total Comprehensive Income 5,062 (33,250) (17,294)

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) 1,138,531 1,245,517 8.6%
Profit (Loss) per Share 0.09 (0.48)

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 profit increase for the quarter was due to:
1) Increase in sales in the AC sector;
2) Higher gross profit margin in the AC and Insulation sectors;
3) Improved operating margin in the AC and Insulation sectors;
4) Lower financial charges;
5) Reduction in loss from discontinued operations.
Reasons for increase (decrease) in net profit during current quarter compared with previous quarter Net profit increase for the quarter was due to:
1) Higher gross profit margin in the AC sector;
2) Improved operating margin across all sectors;
3) Lower financial charges;
4) Reduction in loss from discontinued operations;
5) Q4 2020 had a one-time cost related to the impairment of non-current assets.
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   –