Zamil Industrial Investment Co. reported a net profit after Zakat and tax of SAR 13.1 million for the first nine months of 2021, versus a net loss after Zakat and tax of SAR 125.63 million in a year-earlier period.
The profit was driven by increased sales from the steel segment, lower operating expenses, higher other income and improved gross profit as well as operating margins.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 2,424.47 | 2,623.62 | 8.2 % |
| Gross Income | 305.18 | 405.91 | 33.0 % |
| Operating Income | (59.37) | 47.46 | 180.0 % |
| Net Income | (125.63) | 13.12 | 110.4 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (2.09) | 0.22 | 110.4 % |
Zamil reported a net profit after Zakat and tax of SAR 852,000 in Q3 2021, versus a net loss after Zakat and tax of SAR 38.5 million in a prior-year period, due to increased sales of the steel business division, improved gross profit, higher operating margins and lower financial charges.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 824.39 | 827.02 | 0.3 % |
| Gross Income | 107.04 | 135.83 | 26.9 % |
| Operating Income | (13.78) | 13.97 | 201.4 % |
| Net Income | (38.50) | 0.85 | 102.2 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.64) | 0.01 | 102.2 % |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 847.42 | 827.02 | (2.4 %) |
| Gross Income | 132.05 | 135.83 | 2.9 % |
| Operating Income | 15.12 | 13.97 | (7.6 %) |
| Net Income | 7.07 | 0.85 | (87.9 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.12 | 0.01 | (87.9 %) |
On a sequential basis, net profit dropped 87.9% from SAR 7.01 million in Q2 2021.
Total shareholders’ equity, excluding minority equity, inched down 0.47% year-on-year (YoY) to SAR 1.145 billion in the nine-month period.
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