Moving slowly
Zamil Industrial's 2015 revenues registered an increase of 0.66% (vs. 0.43% expected by AlphaMena) to SAR5491,444M. This rhythm of growth is the lowest in the last five years. The net income amounted to SAR263M, climbing by 1.02%, yoy. The operating margin remained almost at the same level as 2014 (7.47% vs. 7.44% in 2014).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.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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