Advanced Building Industries Co. — Earnings Release 2012

Feb 24, 2013

ZAMIL INDUSTRIAL ANNOUNCES ITS AUDITED FINANCIAL RESULTS FOR YEAR ENDING 31/12/2012

2240 · 24/02/2013 08:13:31 · Announcement #29130 · View on Saudi Exchange

ZAMIL INDUSTRIAL ANNOUNCES ITS AUDITED FINANCIAL RESULTS FOR YEAR ENDING 31/12/2012

Zamil Industrial Investment Company (Zamil Industrial) announces its consolidated financial statements (audited) for the year ending 31/12/2012:

1. Net profits for the year were SAR 201.5 million compared to SAR 154.2 million, representing an increase of 30.7 percent over the same period in 2011.

2. Earnings per share increased to SAR 3.36 from SAR 2.57 in the same period in 2011.

3. Gross profits were SAR 1165.1 million compared to SAR 1051.2 million for the same period in 2011, an increase of 10.8 percent.

4. Operating profits were SAR 365.2 million compared to SAR 258.3 million for the same period in 2011, an increase of 41.4 percent.

5. The reasons behind the better performance during the fiscal year of 2012 compared to the same period last year were due to improved operational efficiency in all sectors, improved performance from overseas operations, and enhanced asset utilization in the steel sector.

6. Certain figures for 2011 have been reclassified to conform with the presentation in the current year.

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.