Advanced Building Industries Co. — Earnings Release 2005

Oct 12, 2005

ZAMIL INDUSTRIES POSTS NET PROFIT SAR 88 MILLION FOR NINE MONTHS IN 2005 AN INCREASE OF 48%

2240 · 12/10/2005 10:29:01 · Announcement #7375 · View on Saudi Exchange

ZAMIL INDUSTRIES POSTS NET PROFIT SAR 88 MILLION FOR NINE MONTHS IN 2005 AN INCREASE OF 48%

Zamil Industrial Investment Company (ZIIC) has announced a net profit of SAR 88 million / USD 23.5 million, after Zakat contribution, for the nine months ending September 2005. This is an increase of 48% over the same period last year.

The turnover was SAR 1.83 billion / USD 489.2 million, representing an increase of SAR 375 million/ USD100 million, equivalent to 26%, over the same period last year. Shareholders? equity also grew by 18.7 % to SAR 570.7 million / USD 152.2 million, up from SAR 481 million / USD 128.2 million in 2004.

The post Zakat Earnings per Share grew as well by 48% to SAR 12.6 / USD 3.4, up from SAR 8.5 / USD 2.3 over the same period last year.

Exports amounted to SAR 726.1 million / USD 194 million, representing 40 % of the group?s turnover, an increase of 8% over the same period in 2004. ZIIC products are marketed and sold in more than 75 countries around the world.

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