Carrying on the downward trend
During Q2 2017, Zamil Industrial recorded revenues amounting to SAR1.125bn, a 20.3% yoy decrease. The cost of sales dropped by 21.3% yoy to stand at SAR858.014m. Finance charges slightly declined by 3.2% to SAR21.631m. The gross margin gained 100 basis points to 23.8%. The net result moved from SAR50.778m in Q2 2016 to SAR36.453m in Q2 2017.Since the beginning of the year, the company’s sales totaled SAR2.123bn, falling by 19.7% compared to the same period last year.
Zamil Industrial Investment is an industrial manufacturing group based in the Kingdom of Saudi Arabia. Co. and its subsidiaries are engaged in manufacturing and erecting steel buildings, transmission line towers and structural steel products; manufacturing and assembling room and central air conditioners and other related activities; and production glass and mirrors. Co.'s operations are organized along three main business sectors: Zamil Air Conditioners, Zamil Steel Industries and Zamil Glass Industries. Co. operates predominantly in Saudi Arabia.
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