Zamil Industrial Investment Company (Zamil Industrial) has announced its consolidated interim financial results for the period ending 30 June 2012:
(1) Net profits for the second quarter of 2012 were SAR 55.8 million (USD 14.9 million), compared to SAR 48 million (USD 12.8 million) during the same period in 2011, representing 16.4 percent growth, and compared to SAR 37.5 million (USD 10 million) posted in the previous quarter (Q1) an increase of 48.7 percent.
(2) Gross profit for the second quarter of 2012 was SAR 283.5 million (USD 75.6 million), compared to gross profit of SAR 281 million (USD 75 million) for the same period in 2011, an increase of 0.9 percent.
(3) Operating profits during the second quarter were SAR 96.8 million (USD 25.8 million) compared to SAR 83.5 million (USD 22.3 million) for the same period in 2011, an increase of 15.9 percent
(4) During the six months ending 30 June 2012, net profits were SAR 93.3 million (USD 24.9 million) compared to SAR 84.7 million (USD 22.6 million), representing an increase of 10.1 percent over the same period in 2011.
(5) Earnings Per Share grew to SAR 1.55 (USD 0.41) from SAR 1.41 (USD 0.38) in the same period in 2011.
(6) Gross profit for the first six months were SAR 524.2 million (USD 139.8 million) compared to SAR 501.9 million (USD 133.8 million) for the same period in 2011, an increase of 4.4 percent.
(7) Operating profits for the first six months were SAR 167.6 million (USD 44.7 million) compared with SAR 143.2 million (USD 38.2 million) for the same period in 2011, an increase of 17.1 percent.
(8) The overall company performance improved during the second quarter and first six months of the year 2012 compared to the same periods in 2011. The reason driving the improvement was a 7 percent increase in sales and higher operational efficiency coupled with better cost management in all sectors.
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