Zamil Industrial Investment Co. reported net loss after Zakat and tax of SAR 125.6 million for the first nine months of 2020, a marginal increase of 0.6% year-on-year (YoY), driven by weak sales across all business divisions, and lower operating margins of steel and insulation segments.
Zamil Industrial widened third-quarter net loss after Zakat and tax by 36.8% YoY to SAR 38.5 million, due to lower sales across all segments, lower gross profit margins of AC and steel business divisions, and lower operating margins of steel and AC segments.
| Item | 9m 2019 | 9m 2020 | Change |
|---|---|---|---|
| Revenues | 3,163.98 | 2,424.47 | (23.4 %) |
| Gross Income | 373.93 | 305.18 | (18.4 %) |
| Operating Income | (49.67) | (59.37) | (19.5 %) |
| Net Income | (124.84) | (125.63) | (0.6 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (2.08) | (2.09) | (0.6 %) |
When compared to previous quarter, net loss shrank by 34%, backed by lower Zakat and income tax and higher gross profit margins of steel and insulation segments.
| Item | Q3 2019 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 1,096.44 | 824.39 | (24.8 %) |
| Gross Income | 144.07 | 107.04 | (25.7 %) |
| Operating Income | 6.22 | (13.78) | (321.7 %) |
| Net Income | (28.13) | (38.50) | (36.8 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.47) | (0.64) | (36.8 %) |
| Item | Q2 2020 | Q3 2020 | Change |
|---|---|---|---|
| Revenues | 719.80 | 824.39 | 14.5 % |
| Gross Income | 79.58 | 107.04 | 34.5 % |
| Operating Income | (36.46) | (13.78) | 62.2 % |
| Net Income | (58.31) | (38.50) | 34.0 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.97) | (0.64) | 34.0 % |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}