Zamil Industrial Investment Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	1,039,198	896,796	15.88	1,060,827	-2.04
Gross Profit (Loss)	146,776	97,203	51	186,034	-21.1
Operational Profit (Loss)	24,504	-27,453	-	-45,116	-
Net Profit (Loss) after Zakat and Tax	-13,812	-51,921	-73.4	-99,590	-86.13
Total Comprehensive Income	-22,154	-60,773	-63.55	-99,854	-77.81
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Share Holders Equity (after Deducting Minority Equity)	748,729	905,951	-17.35
Profit (Loss) per Share	-0.23	-0.87
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	Net loss reduced due to:

1) Higher sales across all sectors resulted in an improvement in Gross Profit and Operating Profit;

2) Higher profits from associated companies by SAR 3 million;

3) Higher income from discontinued operations due to the reversal of a previously recognized impairment loss of SAR 22 million.

However, the impact of the above is partly offset by the following:

1) Higher Financial Charges by SAR 27 million.

2) Impairment loss on property, plant and equipment of SAR 8.2 million as a result of the fire outbreak that occurred on 3 March 2023 at the Zamil Air Conditioners and Home Appliances Company factory (one of the subsidiaries). Surveyors are in the process of assessing the extent of the loss, following which a claim will be filed for reimbursement from the insurance company.

3) Lower Other Income by SAR 3 million.The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is Net loss reduced due to:

1) Higher sales resulted in an improvement in Operating Profit in the Air Conditioning and Insulation Sectors;

2) Lower Zakat and Tax by SAR 3.4 million;

3) Higher income from discontinued operations due to the reversal of a previously recognized impairment loss of SAR 22 million.Statement of the type of external auditor's report Unmodified conclusionModification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion NoneReclassification of Comparison Items Comparative figures have been reclassified to conform with the presentation in the current period.

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