Advanced Building Industries Co. — Earnings Release 2014

Feb 24, 2015

Zamil Industrial Investment Co announces the annual financial results for the period ending on 31-12-2014

2240 · 24/02/2015 15:49:35 · Announcement #37315 · View on Saudi Exchange

Zamil Industrial Investment Co announces the annual financial results for the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	260,340	235,356	10.62
Earning or loss per share, Riyals	4.34	3.92	-
Gross profit (loss)	1,334,076	1,306,814	2.09
Operational profit (loss)	405,875	402,687	0.79

*All figures are in (Thousands) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Improvement in performance was due to growth in Sales and Operating Income in the air conditioners sector as well as improved operating efficiency. Furthermore, there was an increase in Other Income, and no adverse currency impact of the Indian Rupee and Egyptian Pound as compared to the same period of last year.
Reclassifications in annual financial results	Certain figures for 2013 have been reclassified to conform with the presentation in the current year.

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