AI assistant
Advanced Building Industries Co. — Earnings Release 2016
Mar 15, 2017
53315_rns_2017-03-15_45934295-004f-4fbe-a6f4-3aa79021b318.html
Earnings Release
Open in viewerOpens in your device viewer
Zamil Industrial Investment Co. announces the annual financial results for the period ending on 31-12-2016
2240 · 15/03/2017 16:17:45 · Announcement #46003 · View on Saudi Exchange
Zamil Industrial Investment Co. announces the annual financial results for the period ending on 31-12-2016
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 201,022 | 263,007 | -23.57 |
| Earning or loss per share, Riyals | 3.35 | 4.38 | - |
| Gross profit (loss) | 1,209,250 | 1,305,283 | -7.36 |
| Operational profit (loss) | 323,842 | 407,519 | -20.53 |
*All figures are in (Thousands) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | Decrease in Net Profit and operating margins was due to lower sales of core products in AC and Steel sector attributable to project delays in Saudi as a result of general slowdown in the contracting business eco-system. Decrease in Net Profit was also due to increase in financial charges, taxes and loss from associate investments. |
| Reclassifications in annual financial results | Certain figures for 2015 have been reclassified to conform to the presentation in the current period. |
| Other notes | A- Revenues during the current period amounts to SR 4,950.6 million versus SR 5,488.6 million for the same period of last year, a decrease of 9.8%. B- Equity attributable to shareholders (after the elimination of Minority Interest) as of 31/12/2016 amounts to SR 1,939.8 million versus SR 1,885.1 million as of 31/12/2015, an increase of 2.9%. |
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.