Advanced Building Industries Co. — Earnings Release 2007

Jan 20, 2008

ZAMIL INDUSTRIAL ANNOUNCES FINANCIAL RESULTS FOR PERIOD ENDING 31/12/2007

2240 · 20/01/2008 08:28:20 · Announcement #12008 · View on Saudi Exchange

ZAMIL INDUSTRIAL ANNOUNCES FINANCIAL RESULTS FOR PERIOD ENDING 31/12/2007

Zamil Industrial has announced its interim financial results for the twelve months ending 31 December 2007 showing a marked increase over last year, in a statement released by Khalid A. Al Zamil, Managing Director.

During the twelve months, net profits after Zakat contributions were SAR 206.5 million (USD 55.1 million) compared to SAR 191.7 million (USD 51.1 million), representing an increase of 7.72 percent over the same period in 2006. Net profits for the same period in 2006 accounted for non-operational profits from the sale of investment shares which amounted to SAR 20 million (USD 5.3 million).

Total turnover for the group during 2007 was SAR 3,682.6 million (USD 982.0 million), a growth of 28.4 percent compared with same period last year. Shareholders? Equity also increased by 20.6 percent to SAR 894.3 million (USD 238.5 million).

Zamil Industrial operating profits, on the other hand, posted an increase of 27.16 percent from SAR 227.2 million (USD 60.6 million) in 2006 to SAR 288.9 million (USD 77.1 million) as at 31 December 2007.

Post Zakat Earnings per Share grew to SAR 4.59 (USD 1.22) from SAR 4.26 (USD 1.14) representing 7.75 percent growth.

The financial results from October to December 2007 posted net profits of SAR 45.2 million (USD 12.0 million) compared to SAR 36.9 million (USD 9.9 million) in the same period in 2006, an increase of 22.49 percent.

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.