Advanced Building Industries Co. — Earnings Release 2003

Jul 19, 2003

ZAMIL INDUSTRIES POSTS SAR 31.3 MILLION NET PROFIT FOR FIRST SIX MONTHS OF 2003 AN INCREASE OF 25%

2240 · 19/07/2003 15:58:12 · Announcement #4923 · View on Saudi Exchange

ZAMIL INDUSTRIES POSTS SAR 31.3 MILLION NET PROFIT FOR FIRST SIX MONTHS OF 2003 AN INCREASE OF 25%

Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group focused on growth segments of the construction industry, has announced a 25% increase in profits after Zakat contributions in its financial results for the six months ended 30 June 2003. Group turnover rose by 6.7% to SAR 767.6m (US$ 204m). This includes a strong growth in export sales, which rose more than 13% to SAR 282.8m ($ 75.2m), a contribution of 36.8% to the total turnover. Net profits increased by 25% (after Zakat contributions) to SAR 31.3m ($ 8.3m), while post Zakat earnings per share grew by 20% to SAR 5.22 ($1.39), up from SAR 4.17 ($ 1.11) during the same period in 2002.

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