Zamil Industrial Investment Co. reported a net profit after Zakat and tax of SAR 12.3 million in H1 2021, from a net loss of SAR 87.1 million in the prior-year period.
The profit was attributed to higher sales, gross profit and operating margin across all segments, lower operating expenses and financial charges, decline in loss from discontinued operations and higher other income.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 1,600.08 | 1,796.60 | 12.3 % |
| Gross Income | 198.13 | 270.08 | 36.3 % |
| Operating Income | (45.59) | 33.50 | 173.5 % |
| Net Income | (87.13) | 12.27 | 114.1 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (1.45) | 0.20 | 114.1 % |
The company reported a net loss after Zakat and tax of SAR 7.1 million for Q2 2021, from a net loss after Zakat and tax of SAR 58.3 million in the same quarter last year.
On a sequential basis, the company’s net profit grew 36% on higher gross profit and operating margin in the steel segment and higher other income
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 719.80 | 847.42 | 17.7 % |
| Gross Income | 79.58 | 132.05 | 65.9 % |
| Operating Income | (36.46) | 15.12 | 141.5 % |
| Net Income | (58.31) | 7.07 | 112.1 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.97) | 0.12 | 112.1 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 949.18 | 847.42 | (10.7 %) |
| Gross Income | 138.03 | 132.05 | (4.3 %) |
| Operating Income | 18.38 | 15.12 | (17.8 %) |
| Net Income | 5.20 | 7.07 | 35.9 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | 0.09 | 0.12 | 35.9 % |
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