Zamil Industrial Investment Co. reported a net profit of SAR 11.5 million in H1 2024, against a net loss of SAR 197.9 million in a year-earlier period.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 2,164.68 | 2,639.70 | 21.9 % |
| Gross Income | 301.62 | 412.70 | 36.8 % |
| Operating Income | 28.79 | 78.53 | 172.8 % |
| Net Income | (197.91) | 11.53 | 105.8 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (3.30) | 0.19 | 105.8 % |
Consolidated sales increased by 21.9% year-on-year (YoY) as sales grew across all segments, with air-conditioning higher by 24.3%, steel by 20.1% and insulation by 12.4%.
The company also noted increases in operating income and other income, along with a rise of SAR 5.8 million in profit share from associates.
Zakat and income tax decreased, and Zamil recognized a SAR 171 million write-off in inventory in H1 2023 due to fire and impairment loss on non-current assets.
Zamil reported a net profit of SAR 6.1 million in Q2 2024, versus a net loss of SAR 184.09 million in a year earlier period.
This was propelled by higher operating sales and 41.3% higher gross profit, increased operating income and higher profit share from associates.
The company also cited lower finance costs and decreased Zakat and income tax.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,125.48 | 1,335.28 | 18.6 % |
| Gross Income | 150.92 | 213.24 | 41.3 % |
| Operating Income | 4.29 | 57.09 | 1231.8 % |
| Net Income | (184.09) | 6.10 | 103.3 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (3.07) | 0.10 | 103.3 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 1,304.42 | 1,335.28 | 2.4 % |
| Gross Income | 199.45 | 213.24 | 6.9 % |
| Operating Income | 21.44 | 57.09 | 166.4 % |
| Net Income | 5.43 | 6.10 | 12.4 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.09 | 0.10 | 12.4 % |
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}}