Advanced Building Industries Co. — Earnings Release 2008

Apr 14, 2008

ZAMIL INDUSTRIAL ANNOUNCES FINANCIAL RESULTS FOR PERIOD ENDING 31/03/2008

2240 · 14/04/2008 15:55:06 · Announcement #12783 · View on Saudi Exchange

ZAMIL INDUSTRIAL ANNOUNCES FINANCIAL RESULTS FOR PERIOD ENDING 31/03/2008

Zamil Industrial has announced its interim financial results for the first three months ending 31 March 2008 showing a marked increase over last year, in a statement released by Khalid A. Al Zamil, Managing Director.

During the first three months, net profits after Zakat contributions were SAR 50.4 million (USD 13.4 million) compared to SAR 44.9 million (USD 12 million), representing an increase of 12.3 percent over the same period in 2007.

Total turnover for the group was SAR 1,007.9 million (USD 268.8 million), a growth of 23.6 percent compared with same period last year. Shareholders? Equity also increased by 20.8 percent to SAR 864.6 million (USD 230.6 million).

Zamil Industrial operating profits, on the other hand, posted an increase of 11.9 percent from SAR 61.8 million (USD 16.5 million) in 2007 to SAR 73.6 million (USD 19.6 million) as at 31 March 2008.

Post Zakat Earnings per Share grew to SAR 1.12 (USD 0.30) from SAR 1.00 (USD 0.27) representing 12.3 percent growth.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.