The slowdown continues
The revenues recorded during Q2 2016 amount to SAR1.411bn, a slight decrease of 1.9% yoy that brought total revenues registered during H1 2016 to SAR2.644bn. The cost of sales resumed by 2.82% yoy to stand at SAR1.089bn. The operating profit improved by 2% yoy, and moved from SAR77.464m in Q1 2016 to SAR99.204m in Q2 2016. The gross profit kept the same level as the first quarter (22.77%). However, the net income worsened by 31.7% yoy, to hit the bottom of SAR50.778m.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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