ZAMIL STEEL PRE-ENGINEERED BUILDINGS
Design, manufacture and supply of pre-engineered steel buildings

Zamil Industrial Announces Consolidated Interim Financial Results for the Period Ending 31/12/2012 (Twelve Months)

   Sunday, 20th January 2013

  • Net Profits for the fourth quarter of 2012 were SAR 61.4 million (USD 16.4 million), compared to SAR 36 million (USD 9.6 million) during the same period in 2011, representing 70.7 percent increase, and compared to SAR 46.8 million (USD 12.5 million) posted in the previous quarter (Q3) ' an increase of 31.2 percent.
  • Gross Profits for the fourth quarter of 2012 were SAR 355.9 million (USD 94.9 million), compared to SAR 289.9 million (USD 77.3 million) for the same period in 2011, an increase of 22.8 percent.
  • Operating Profits for the fourth quarter of 2012 were SAR 113.2 million (USD 30.2 million), compared to SAR 42.7 million (USD 11.4 million) in the same period in 2011, an increase of 165.3 percent.
  • During the twelve months ending 31 December 2012, Net Profits were SAR 201.5 million (USD 53.7 million) compared to SAR 154.2 million (USD 41.1 million), representing an increase of 30.7 percent over the same period in 2011.
  • Earnings Per Share increased to SAR 3.36 (USD 0.90) from SAR 2.57 (USD 0.69) in the same period in 2011.
  • Gross Profits for the twelve months were SAR 1,153.2 million (USD 307.5 million) compared to SAR 1,051.2 million (USD 280.3 million) for the same period in 2011, an increase of 9.7 percent.
  • Operating Profits for the twelve months were SAR 363.9 million (USD 97.1 million) compared with SAR 258.3 million (USD 68.9 million) for the same period in 2011, an increase of 40.9 percent.
  • The reasons behind the better performance in the fourth quarter compared to the same period last year were due to improved operational efficiency in all sectors, improved performance from overseas operations, and enhanced asset utilization in the steel sector.
  • The reasons behind the better performance in the twelve months compared to the same period last year were due to improved operational efficiency in all sectors, improved performance from overseas operations, and enhanced asset utilization in the steel sector.
  • The reasons behind the better performance in the fourth quarter compared to the third quarter of this year were due to improved operational efficiency in all sectors, in addition to improved performance from overseas operations.
  • Certain figures for the fourth quarter and twelve months of 2011 have been reclassified to conform with the presentation in the current period.