Advanced Building Industries Co. — Earnings Release 2012

Oct 20, 2012

ZAMIL INDUSTRIAL ANNOUNCES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR PERIOD ENDING 30/09/2012 (NINE MONTHS) "CONTINUED"

2240 · 20/10/2012 08:21:15 · Announcement #27401 · View on Saudi Exchange

ZAMIL INDUSTRIAL ANNOUNCES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR PERIOD ENDING 30/09/2012 (NINE MONTHS) "CONTINUED"

(9) The reason behind the growth in the nine months compared to the same period last year was due to increase in sales by 7.8 percent. On the other hand, financial charges increased because of higher cost of borrowing, in addition to the drop in Share of Associates Income because of business activity slowdown in India and devaluation of Indian Rupee.

(10) The reason for decline in the third quarter compared to the second quarter of this year was due to decrease in sales by 4.7 percent since the third quarter coincides with the Holy month of Ramadan and summer vacation which normally witnesses slower releasing to production and shipment at the request of customers.

(11) Certain figures for the third quarter of 2011 have been reclassified to conform with the presentation in the current period.

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.