Zamil Industrial turns to loss of SAR 80.9 mln in H1 2022, Q2 loss at SAR 29 mln

11/08/2022 Argaam Exclusive

Zamil Industrial Investment Co. reported a net loss after Zakat and tax of SAR 80.9 million in H1 2022, compared to a net profit after Zakat and tax of SAR 12.3 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 1,796.60 1,854.00 3.2 %
Gross Income 270.08 222.04 (17.8 %)
Operating Income 33.50 (29.89) (189.2 %)
Net Income 12.27 (80.91) (759.7 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 0.20 (1.35) (759.7 %)

The losses were driven by lower gross profit and operating margin in the air conditioner and steel segments, as well as higher financial charges, a decline in earnings from associate companies and a drop in other income.

The company swung to a net loss of SAR 29 million, versus a net profit of SAR 7.1 million in Q2 2021.

Sequentially, net loss narrowed from SAR 51.9 million in Q1 2022.



Current Quarter Comparison (M)

Compared With The
Item Q2 2021 Q2 2022 Change‬
Revenues 847.42 957.21 13.0 %
Gross Income 132.05 117.84 (10.8 %)
Operating Income 15.12 (2.43) (116.1 %)
Net Income 7.07 (28.99) (510.3 %)
Average Shares 60.00 60.00 -
EPS (Riyals) 0.12 (0.48) (510.3 %)

Total shareholders’ equity, excluding minority interest, stood at SAR 872.578 million by the end of June 2022, compared to SAR 1.144 billion in the year-earlier period.

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Share Price

Zamil Industrial Investment Co.
27.35
0.15 0.55 %

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Financial Ratios
Current
Market Cap (M Riyal) 1,641.00
Enterprise Value (EV) (M) 3,426.19
Shares Outstanding ((M)) 60.00
EPS ( Riyal) (TTM) (0.80)
Book Value (BV) ( Riyal) 7.47
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) Neg
P/E (TTM) NEG
Price/book 3.66
Return on Average Assets (%) (TTM) (0.77 )
Return on Average Equity (%) (TTM) (9.85 )
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