AC plays dirty tricks on Zamil
In Q1 2016, Zamil’s revenues resumed by 2.01% y.o.y to SAR1.234bn. The company’s gross margin shrunk by 150 bps to 22.77%. The operating profit fell by 20.54%, moving from SAR97.493m in Q1 2015 to SAR77.464m in Q1 2016. The bottom-line has witnessed a significant slump of 30.28% to reach SAR51.410m.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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