Zamil deepens 2023 loss to SAR 297.8M; Q4 loss at SAR 66.8M

28/03/2024 Argaam Exclusive

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Zamil Industrial Investment Co. widened 2023 net losses to SAR 297.8 million in 2023, from SAR 178.1 million a year earlier.

Financials (M)

Item	2022	2023	Change‬
Revenues	3,926.19	4,684.43	19.3 %
Gross Income	551.43	572.24	3.8 %
Operating Income	(41.45)	(158.50)	(282.4 %)
Net Income	(178.07)	(297.84)	(67.3 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	(2.97)	(4.96)	(67.3 %)

Increased losses were due to the year-on-year (YoY) hike of SAR 78.1 million and SAR 17.2 million in finance costs and tax & Zakat provisions, respectively. This was offset by higher profit from associates, increased other revenue and recording SAR 43.1 million net profit from selling assets of halted operations.

For the same year, income from associates grew to SAR 21.3 million, with other income also up YoY by SAR 30.9 million.

The company also cited recording SAR 171 million in 2023 as a financial impact on the direct costs resulting from the fire at one of the subsidiaries. The related operating loss and insurance claims were calculated as other income.

Q4 2023 loss fell to SAR 66.8 million, compared to SAR 99.59 million in the prior-year period.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Revenues	1,060.83	1,293.87	22.0 %
Gross Income	173.68	107.19	(38.3 %)
Operating Income	(45.12)	(187.96)	(316.6 %)
Net Income	(99.59)	(66.77)	33.0 %
Average Shares	60.00	60.00	-
EPS (Riyals)	(1.66)	(1.11)	33.0 %

Item	Q3 2023	Q4 2023	Change‬
Revenues	1,225.88	1,293.87	5.5 %
Gross Income	163.43	107.19	(34.4 %)
Operating Income	0.66	(187.96)	(28449.5 %)
Net Income	(33.17)	(66.77)	(101.3 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	(0.55)	(1.11)	(101.3 %)

On a quarterly basis, net loss widened from SAR 33.17 million in Q3 2023.

Total shareholders’ equity, after minority interest, slumped to SAR 451.80 million by Dec. 31, 2023, compared to SAR 770.88 million a year ago.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2014	1,292.86	4.0 %	305.51	1.9 %	94.92	(2.3 %)
Q2 2014	1,386.01	(3.1 %)	316.09	0.4 %	101.35	3.6 %
Q3 2014	1,290.68	(6.1 %)	311.69	(1.6 %)	89.71	2.0 %
Q4 2014	1,485.87	8.8 %	400.78	6.8 %	119.90	0.1 %
2014	5,455.42	0.8 %	1,347.39	3.1 %	405.88	0.8 %
Q1 2015	1,258.95	(2.6 %)	305.42	0.0 %	97.49	2.7 %
Q2 2015	1,438.81	3.8 %	317.26	0.4 %	97.25	(4.1 %)
Q3 2015	1,338.31	3.7 %	308.04	(1.2 %)	86.22	(3.9 %)
Q4 2015	1,452.53	(2.2 %)	374.57	(6.5 %)	126.56	5.6 %
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	407.52	0.4 %
Q1 2016	1,223.17	(2.8 %)	281.32	(7.9 %)	78.66	(19.3 %)
Q2 2016	1,408.33	(2.1 %)	308.91	(2.6 %)	99.53	2.3 %
Q3 2016	1,099.22	(17.9 %)	241.85	(21.5 %)	73.91	(14.3 %)
Q4 2016	1,198.51	(17.5 %)	299.84	(19.9 %)	81.45	(35.6 %)
2016	4,929.23	(10.2 %)	1,071.07	(17.9 %)	333.56	(18.1 %)
Q1 2017	997.94	(18.4 %)	209.59	(25.5 %)	64.31	(18.2 %)
Q2 2017	1,125.43	(20.1 %)	237.43	(23.1 %)	65.17	(34.5 %)
Q3 2017	1,023.00	(6.9 %)	195.24	(19.3 %)	41.08	(44.4 %)
Q4 2017	1,257.49	4.9 %	269.35	(10.2 %)	55.99	(31.3 %)
2017	4,403.85	(10.7 %)	908.20	(15.2 %)	226.54	(32.1 %)
Q1 2018	970.00	(2.8 %)	177.03	(15.5 %)	43.32	(32.6 %)
Q2 2018	1,060.89	(5.7 %)	143.21	(39.7 %)	(7.02)	(110.8 %)
Q3 2018	1,074.18	5.0 %	163.36	(16.3 %)	6.98	(83.0 %)
Q4 2018	1,208.58	(3.9 %)	235.35	(12.6 %)	54.65	(2.4 %)
2018	4,313.65	(2.0 %)	715.37	(21.2 %)	97.93	(56.8 %)
Q1 2019	1,020.98	5.3 %	127.76	(27.8 %)	(6.00)	(113.9 %)
Q2 2019	1,046.57	(1.4 %)	102.10	(28.7 %)	(49.89)	(611.1 %)
Q3 2019	1,096.44	2.1 %	144.07	(11.8 %)	6.22	(10.9 %)
Q4 2019	874.60	(27.6 %)	212.92	(9.5 %)	22.41	(59.0 %)
2019	4,038.58	(6.4 %)	586.85	(18.0 %)	(27.27)	(127.8 %)
Q1 2020	880.28	(13.8 %)	118.55	(7.2 %)	(9.13)	(52.1 %)
Q2 2020	719.80	(31.2 %)	79.58	(22.1 %)	(36.46)	26.9 %
Q3 2020	824.39	(24.8 %)	107.04	(25.7 %)	(13.78)	(321.7 %)
Q4 2020	958.49	9.6 %	141.19	(33.7 %)	(2.01)	(109.0 %)
2020	3,382.96	(16.2 %)	446.36	(23.9 %)	(61.38)	(125.1 %)
Q1 2021	949.18	7.8 %	138.03	16.4 %	18.38	301.3 %
Q2 2021	847.42	17.7 %	132.05	65.9 %	15.12	141.5 %
Q3 2021	827.02	0.3 %	135.83	26.9 %	13.97	201.4 %
Q4 2021	900.20	(6.1 %)	81.53	(42.3 %)	(157.88)	(7,743.1 %)
2021	3,523.82	4.2 %	487.43	9.2 %	(110.42)	(79.9 %)
Q1 2022	896.80	(5.5 %)	104.21	(24.5 %)	(27.45)	(249.3 %)
Q2 2022	957.21	13.0 %	117.84	(10.8 %)	(2.43)	(116.1 %)
Q3 2022	1,011.36	22.3 %	155.70	14.6 %	33.55	140.2 %
Q4 2022	1,060.83	17.8 %	173.68	113.0 %	(45.12)	71.4 %
2022	3,926.19	11.4 %	551.43	13.1 %	(41.45)	62.5 %
Q1 2023	1,039.20	15.9 %	146.78	40.9 %	24.50	189.3 %
Q2 2023	1,125.48	17.6 %	150.92	28.1 %	4.29	276.3 %
Q3 2023	1,225.88	21.2 %	163.43	5.0 %	0.66	(98.0 %)
Q4 2023	1,293.87	22.0 %	107.19	(38.3 %)	(187.96)	(316.6 %)
2023	4,684.43	19.3 %	572.24	3.8 %	(158.50)	(282.4 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2014	5,455.42	0.8 %	1,347.39	3.1 %	405.88	0.8 %
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	407.52	0.4 %
2016	4,929.23	(10.2 %)	1,071.07	(17.9 %)	333.56	(18.1 %)
2017	4,403.85	(10.7 %)	908.20	(15.2 %)	226.54	(32.1 %)
2018	4,313.65	(2.0 %)	715.37	(21.2 %)	97.93	(56.8 %)
2019	4,038.58	(6.4 %)	586.85	(18.0 %)	(27.27)	(127.8 %)
2020	3,382.96	(16.2 %)	446.36	(23.9 %)	(61.38)	(125.1 %)
2021	3,523.82	4.2 %	487.43	9.2 %	(110.42)	(79.9 %)
2022	3,926.19	11.4 %	551.43	13.1 %	(41.45)	62.5 %
2023	4,684.43	19.3 %	572.24	3.8 %	(158.50)	(282.4 %)

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2014	66.01	5.3 %	1.10	-	66.01	1.10
Q2 2014	73.02	14.8 %	1.22	-	73.02	1.22
Q3 2014	56.39	15.2 %	0.94	-	56.39	0.94
Q4 2014	64.92	8.0 %	1.08	(9.88)	74.80	1.25
2014	260.34	10.6 %	4.34	(9.88)	270.22	4.50
Q1 2015	73.73	11.7 %	1.23	-	73.73	1.23
Q2 2015	74.36	1.8 %	1.24	-	74.36	1.24
Q3 2015	57.46	1.9 %	0.96	-	57.46	0.96
Q4 2015	57.45	(11.5 %)	0.96	(65.85)	123.30	2.06
2015	263.01	1.0 %	4.38	(65.85)	328.86	5.48
Q1 2016	52.90	(28.3 %)	0.88	-	52.90	0.88
Q2 2016	51.22	(31.1 %)	0.85	-	51.22	0.85
Q3 2016	41.15	(28.4 %)	0.69	-	41.15	0.69
Q4 2016	1.11	(98.1 %)	0.02	(90.32)	91.43	1.52
2016	146.38	(44.3 %)	2.44	(90.32)	236.70	3.95
Q1 2017	41.78	(21.0 %)	0.70	-	41.78	0.70
Q2 2017	36.45	(28.8 %)	0.61	-	36.45	0.61
Q3 2017	21.94	(46.7 %)	0.37	-	21.94	0.37
Q4 2017	4.85	337.1 %	0.08	(10.88)	15.73	0.26
2017	105.02	(28.3 %)	1.75	(10.88)	115.90	1.93
Q1 2018	15.57	(62.7 %)	0.26	-	15.57	0.26
Q2 2018	(39.77)	(209.1 %)	(0.66)	-	(39.77)	(0.66)
Q3 2018	(22.58)	(202.9 %)	(0.38)	-	(22.58)	(0.38)
Q4 2018	(93.06)	(2017.9 %)	(1.55)	(96.29)	3.23	0.05
2018	(139.83)	(233.2 %)	(2.33)	(96.29)	(43.55)	(0.73)
Q1 2019	(47.15)	(402.9 %)	(0.79)	-	(47.15)	(0.79)
Q2 2019	(49.55)	(24.6 %)	(0.83)	34.58	(84.14)	(1.40)
Q3 2019	(28.13)	(24.6 %)	(0.47)	-	(28.13)	(0.47)
Q4 2019	(13.97)	85.0 %	(0.23)	-	(13.97)	(0.23)
2019	(138.81)	0.7 %	(2.31)	34.58	(173.39)	(2.89)
Q1 2020	(28.83)	38.9 %	(0.48)	-	(28.83)	(0.48)
Q2 2020	(58.31)	(17.7 %)	(0.97)	-	(58.31)	(0.97)
Q3 2020	(38.50)	(36.8 %)	(0.64)	-	(38.50)	(0.64)
Q4 2020	(34.25)	(145.1 %)	(0.57)	(10.68)	(23.57)	(0.39)
2020	(159.87)	(15.2 %)	(2.66)	(10.68)	(149.19)	(2.49)
Q1 2021	5.20	118.0 %	0.09	-	5.20	0.09
Q2 2021	7.07	112.1 %	0.12	-	7.07	0.12
Q3 2021	0.85	102.2 %	0.01	-	0.85	0.01
Q4 2021	(172.54)	(403.8 %)	(2.88)	-	(172.54)	(2.88)
2021	(159.42)	0.3 %	(2.66)	-	(159.42)	(2.66)
Q1 2022	(51.92)	(1098.5 %)	(0.87)	-	(51.92)	(0.87)
Q2 2022	(28.99)	(510.3 %)	(0.48)	-	(28.99)	(0.48)
Q3 2022	2.44	185.8 %	0.04	-	2.44	0.04
Q4 2022	(99.59)	42.3 %	(1.66)	-	(99.59)	(1.66)
2022	(178.07)	(11.7 %)	(2.97)	-	(178.07)	(2.97)
Q1 2023	(13.81)	73.4 %	(0.23)	13.80	(27.62)	(0.46)
Q2 2023	(184.09)	(535.0 %)	(3.07)	(147.12)	(36.98)	(0.62)
Q3 2023	(33.17)	(1462.2 %)	(0.55)	11.30	(44.47)	(0.74)
Q4 2023	(66.77)	33.0 %	(1.11)	183.24	(250.01)	(4.17)
2023	(297.84)	(67.3 %)	(4.96)	61.23	(359.07)	(5.98)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2014	260.34	10.6 %	4.34	(9.88)	270.22	4.50
2015	263.01	1.0 %	4.38	(65.85)	328.86	5.48
2016	146.38	(44.3 %)	2.44	(90.32)	236.70	3.95
2017	105.02	(28.3 %)	1.75	(10.88)	115.90	1.93
2018	(139.83)	(233.2 %)	(2.33)	(96.29)	(43.55)	(0.73)
2019	(138.81)	0.7 %	(2.31)	34.58	(173.39)	(2.89)
2020	(159.87)	(15.2 %)	(2.66)	(10.68)	(149.19)	(2.49)
2021	(159.42)	0.3 %	(2.66)	-	(159.42)	(2.66)
2022	(178.07)	(11.7 %)	(2.97)	-	(178.07)	(2.97)
2023	(297.84)	(67.3 %)	(4.96)	61.23	(359.07)	(5.98)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	24.02 %	9.98 %	4.37 %
Q2 2014	24.24 %	10.24 %	4.58 %
Q3 2014	24.53 %	10.52 %	4.79 %
Q4 2014	24.45 %	10.36 %	4.95 %
2014	24.70 %	10.36 %	4.95 %
Q1 2015	24.61 %	10.47 %	5.13 %
Q2 2015	24.39 %	10.36 %	5.10 %
Q3 2015	24.11 %	10.22 %	5.08 %
Q4 2015	23.78 %	10.38 %	5.99 %
2015	23.78 %	10.38 %	5.99 %
Q1 2016	23.50 %	10.08 %	5.65 %
Q2 2016	23.47 %	10.07 %	5.25 %
Q3 2016	23.28 %	10.27 %	5.18 %
Q4 2016	22.96 %	9.76 %	4.80 %
2016	21.73 %	9.76 %	4.80 %
Q1 2017	22.54 %	9.89 %	4.80 %
Q2 2017	22.36 %	9.67 %	4.77 %
Q3 2017	21.68 %	8.92 %	4.41 %
Q4 2017	20.70 %	8.18 %	2.63 %
2017	20.62 %	8.18 %	2.63 %
Q1 2018	20.09 %	7.67 %	2.05 %
Q2 2018	18.20 %	6.04 %	0.31 %
Q3 2018	17.26 %	5.13 %	(0.71 %)
Q4 2018	16.67 %	5.05 %	(1.01 %)
2018	16.58 %	5.05 %	(1.01 %)
Q1 2019	15.34 %	3.98 %	(2.43 %)
Q2 2019	14.45 %	3.11 %	(3.46 %)
Q3 2019	13.93 %	3.21 %	(3.57 %)
Q4 2019	14.53 %	2.72 %	(4.29 %)
2019	14.53 %	2.72 %	(4.29 %)
Q1 2020	14.82 %	2.67 %	(3.98 %)
Q2 2020	15.54 %	3.23 %	(3.62 %)
Q3 2020	15.70 %	2.81 %	(4.23 %)
Q4 2020	13.19 %	2.00 %	(4.41 %)
2020	13.19 %	2.00 %	(4.41 %)
Q1 2021	13.50 %	2.65 %	(3.34 %)
Q2 2021	14.48 %	3.90 %	(1.39 %)
Q3 2021	15.27 %	4.53 %	(0.29 %)
Q4 2021	13.83 %	0.15 %	(4.52 %)
2021	13.83 %	0.15 %	(4.52 %)
Q1 2022	13.07 %	(1.30 %)	(6.24 %)
Q2 2022	12.27 %	(1.88 %)	(7.05 %)
Q3 2022	12.20 %	(1.37 %)	(6.67 %)
Q4 2022	14.04 %	1.46 %	(4.54 %)
2022	14.04 %	1.46 %	(4.54 %)
Q1 2023	14.60 %	2.87 %	(3.78 %)
Q2 2023	14.80 %	2.82 %	(3.82 %)
Q3 2023	14.26 %	1.88 %	(4.69 %)
Q4 2023	12.13 %	(1.46 %)	(7.67 %)
2023	12.22 %	(1.46 %)	(7.67 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2014	24.70 %	10.36 %	4.95 %
2015	23.78 %	10.38 %	5.99 %
2016	21.73 %	9.76 %	4.80 %
2017	20.62 %	8.18 %	2.63 %
2018	16.58 %	5.05 %	(1.01 %)
2019	14.53 %	2.72 %	(4.29 %)
2020	13.19 %	2.00 %	(4.41 %)
2021	13.83 %	0.15 %	(4.52 %)
2022	14.04 %	1.46 %	(4.54 %)
2023	12.22 %	(1.46 %)	(7.67 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2014	23.63 %	10.26 %	5.11 %
Q2 2014	22.81 %	10.16 %	5.27 %
Q3 2014	24.15 %	10.06 %	4.37 %
Q4 2014	26.97 %	10.89 %	5.03 %
Q1 2015	24.26 %	10.75 %	5.86 %
Q2 2015	22.05 %	9.75 %	5.17 %
Q3 2015	23.02 %	9.49 %	4.29 %
Q4 2015	25.79 %	11.49 %	8.49 %
Q1 2016	23.00 %	9.42 %	4.32 %
Q2 2016	21.93 %	9.73 %	3.64 %
Q3 2016	22.00 %	10.29 %	3.74 %
Q4 2016	25.02 %	9.65 %	7.63 %
Q1 2017	21.00 %	9.98 %	4.19 %
Q2 2017	21.10 %	8.81 %	3.24 %
Q3 2017	19.09 %	7.16 %	2.14 %
Q4 2017	21.42 %	7.02 %	1.25 %
Q1 2018	18.25 %	7.71 %	1.60 %
Q2 2018	13.50 %	2.27 %	(3.75 %)
Q3 2018	15.21 %	3.39 %	(2.10 %)
Q4 2018	19.47 %	6.82 %	0.27 %
Q1 2019	12.51 %	3.01 %	(4.62 %)
Q2 2019	9.76 %	(1.39 %)	(8.04 %)
Q3 2019	13.14 %	3.80 %	(2.57 %)
Q4 2019	24.34 %	5.93 %	(1.60 %)
Q1 2020	13.47 %	2.84 %	(3.27 %)
Q2 2020	11.06 %	(0.46 %)	(8.10 %)
Q3 2020	12.98 %	2.33 %	(4.67 %)
Q4 2020	14.73 %	2.81 %	(2.46 %)
Q1 2021	14.54 %	5.14 %	0.55 %
Q2 2021	15.58 %	5.29 %	0.83 %
Q3 2021	16.42 %	5.04 %	0.10 %
Q4 2021	9.06 %	(14.46 %)	(19.17 %)
Q1 2022	11.62 %	(0.18 %)	(5.79 %)
Q2 2022	12.31 %	2.39 %	(3.03 %)
Q3 2022	15.40 %	5.67 %	0.24 %
Q4 2022	16.37 %	(2.00 %)	(9.39 %)
Q1 2023	14.12 %	5.57 %	(2.66 %)
Q2 2023	13.41 %	2.27 %	(3.29 %)
Q3 2023	13.33 %	1.76 %	(3.63 %)
Q4 2023	8.28 %	(13.39 %)	(19.32 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2014	60.00	3.98	3.98	27.95
Q2 2014	60.00	4.13	4.13	28.10
Q3 2014	60.00	4.26	4.26	28.01
Q4 2014	60.00	4.34	4.50	29.04
Q1 2015	60.00	4.47	4.63	30.27
Q2 2015	60.00	4.49	4.65	30.44
Q3 2015	60.00	4.51	4.67	30.36
Q4 2015	60.00	4.38	5.48	31.42
Q1 2016	60.00	4.04	5.13	28.75
Q2 2016	60.00	3.65	4.75	32.00
Q3 2016	60.00	3.38	4.48	31.67
Q4 2016	60.00	2.44	3.95	27.97
Q1 2017	60.00	2.25	3.76	28.79
Q2 2017	60.00	2.01	3.51	28.41
Q3 2017	60.00	1.69	3.19	27.77
Q4 2017	60.00	1.75	1.93	27.75
Q1 2018	60.00	1.31	1.49	27.81
Q2 2018	60.00	0.04	0.22	26.02
Q3 2018	60.00	(0.70)	(0.52)	25.66
Q4 2018	60.00	(2.33)	(0.73)	23.60
Q1 2019	60.00	(3.38)	(1.77)	22.82
Q2 2019	60.00	(3.54)	(2.51)	22.02
Q3 2019	60.00	(3.63)	(2.60)	21.53
Q4 2019	60.00	(2.31)	(2.89)	21.31
Q1 2020	60.00	(2.01)	(2.58)	20.76
Q2 2020	60.00	(2.15)	(2.15)	19.77
Q3 2020	60.00	(2.33)	(2.33)	19.18
Q4 2020	60.00	(2.66)	(2.49)	18.89
Q1 2021	60.00	(2.10)	(1.92)	18.98
Q2 2021	60.00	(1.01)	(0.83)	19.07
Q3 2021	60.00	(0.35)	(0.17)	19.09
Q4 2021	60.00	(2.66)	(2.66)	16.11
Q1 2022	60.00	(3.61)	(3.61)	15.10
Q2 2022	60.00	(4.21)	(4.21)	14.54
Q3 2022	60.00	(4.18)	(4.18)	14.51
Q4 2022	60.00	(2.97)	(2.97)	12.85
Q1 2023	60.00	(2.33)	(2.56)	12.48
Q2 2023	60.00	(4.92)	(2.70)	9.41
Q3 2023	60.00	(5.51)	(3.48)	8.84
Q4 2023	60.00	(4.96)	(5.98)	7.53

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2014	60.00	4.34	4.50	29.04
2015	60.00	4.38	5.48	31.42
2016	60.00	2.44	3.95	27.97
2017	60.00	1.75	1.93	27.75
2018	60.00	(2.33)	(0.73)	23.60
2019	60.00	(2.31)	(2.89)	21.31
2020	60.00	(2.66)	(2.49)	18.89
2021	60.00	(2.66)	(2.66)	16.11
2022	60.00	(2.97)	(2.97)	12.85
2023	60.00	(4.96)	(5.98)	7.53

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	12.88	12.88	1.83
Q2 2014	13.81	13.81	2.03
Q3 2014	15.97	15.97	2.43
Q4 2014	10.83	10.44	1.62
Q1 2015	13.01	12.55	1.92
Q2 2015	12.58	12.14	1.86
Q3 2015	8.87	8.56	1.32
Q4 2015	7.43	5.94	1.04
Q1 2016	7.24	5.69	1.02
Q2 2016	7.70	5.92	0.88
Q3 2016	6.62	5.00	0.71
Q4 2016	12.71	7.86	1.11
Q1 2017	13.20	7.92	1.03
Q2 2017	13.97	7.99	0.99
Q3 2017	15.67	8.28	0.95
Q4 2017	15.35	13.91	0.97
Q1 2018	19.41	17.06	0.92
Q2 2018	More than 100	More than 100	0.93
Q3 2018	NEG	NEG	0.78
Q4 2018	NEG	NEG	0.74
Q1 2019	NEG	NEG	0.78
Q2 2019	NEG	NEG	0.77
Q3 2019	NEG	NEG	0.83
Q4 2019	NEG	NEG	0.85
Q1 2020	NEG	NEG	0.66
Q2 2020	NEG	NEG	0.78
Q3 2020	NEG	NEG	1.03
Q4 2020	NEG	NEG	1.10
Q1 2021	NEG	NEG	1.24
Q2 2021	NEG	NEG	2.04
Q3 2021	NEG	NEG	2.07
Q4 2021	NEG	NEG	1.72
Q1 2022	NEG	NEG	1.71
Q2 2022	NEG	NEG	1.25
Q3 2022	NEG	NEG	1.25
Q4 2022	NEG	NEG	1.24
Q1 2023	NEG	NEG	1.33
Q2 2023	NEG	NEG	2.21
Q3 2023	NEG	NEG	2.60
Q4 2023	NEG	NEG	3.49

Period	P/E	Adjusted P/E	Price/book
2014	10.83	10.44	1.62
2015	7.43	5.94	1.04
2016	12.71	7.86	1.11
2017	15.35	13.91	0.97
2018	NEG	NEG	0.74
2019	NEG	NEG	0.85
2020	NEG	NEG	1.10
2021	NEG	NEG	1.72
2022	NEG	NEG	1.24
2023	NEG	NEG	3.49

Business Segments (Million)

Compared With The

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
Q1 2014	502.69	658.11	73.96	-	-	-	58.11
Q2 2014	610.58	637.54	78.32	-	-	-	59.58
Q3 2014	601.45	571.21	74.93	-	-	-	43.08
Q4 2014	749.08	668.66	65.73	-	-	-	2.40
Q1 2015	547.19	628.68	81.12	-	-	-	1.96
Q2 2015	698.85	650.62	87.67	-	-	-	1.67
Q3 2015	569.05	694.71	73.52	-	-	-	1.03
Q4 2015	661.12	709.80	79.08	-	-	-	2.53
Q1 2016	496.61	640.12	85.22	6.27	(5.04)	-	-
Q2 2016	692.41	629.07	85.58	6.85	(5.58)	-	-
Q3 2016	475.69	544.81	77.21	6.39	(4.88)	-	-
Q4 2016	576.34	548.25	98.78	8.44	(33.29)	-	-
Q1 2017	407.19	508.55	84.88	7.27	(9.96)	-	-
Q2 2017	566.05	485.96	74.75	2.22	(3.56)	-	-
Q3 2017	506.96	445.42	71.33	3.78	(4.49)	-	-
Q4 2017	664.59	529.71	68.63	5.73	(11.17)	-	-
Q1 2018	412.20	482.42	77.11	3.50	(5.24)	-	-
Q2 2018	456.20	530.63	75.93	4.80	(6.67)	-	-
Q3 2018	487.31	516.27	69.71	3.32	(2.43)	-	-
Q4 2018	528.46	611.40	79.40	4.35	(15.02)	-	-
Q1 2019	374.14	560.36	87.65	2.79	(3.96)	-	-
Q2 2019	391.14	585.70	71.88	2.43	(4.58)	-	-
Q3 2019	495.14	544.56	61.24	1.27	(5.78)	-	-
Q4 2019	493.44	334.80	67.93	1.21	(22.77)	-	-
Q1 2020	349.68	472.09	64.34	1.07	(6.90)	-	-
Q2 2020	363.40	322.16	36.41	1.15	(3.32)	-	-
Q3 2020	371.16	407.42	54.61	0.08	(8.88)	-	-
Q4 2020	467.57	442.43	55.57	0.20	(7.27)	-	-
Q1 2021	395.51	499.76	56.95	0.24	(3.27)	-	-
Q2 2021	333.56	473.04	44.14	0.24	(3.56)	-	-
Q3 2021	318.34	467.62	46.32	0.24	(5.50)	-	-
Q4 2021	296.22	556.54	59.32	0.24	(12.12)	-	-
Q1 2022	327.89	520.53	50.62	0.24	(2.48)	-	-
Q2 2022	359.49	545.78	54.32	0.26	(2.65)	-	-
Q3 2022	408.93	554.81	59.02	0.26	(11.66)	-	-
Q4 2022	367.74	644.64	58.06	0.26	(9.88)	-	-
Q1 2023	398.57	603.96	68.83	0.26	(32.43)	-	-
Q2 2023	366.66	681.91	72.03	0.26	4.64	-	-
Q3 2023	395.13	731.68	102.57	0.26	(3.75)	-	-
Q4 2023	348.07	874.33	84.31	0.26	(13.09)	-	-

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
2014	2,463.80	2,535.52	292.93	-	-	-	163.17
2015	2,476.21	2,683.81	321.39	-	-	-	7.19
2016	2,241.05	2,362.24	346.79	27.95	(48.79)	-	-
2017	2,144.79	1,969.64	299.60	19.00	(29.18)	-	-
2018	1,884.17	2,140.72	302.15	15.98	(29.37)	-	-
2019	1,753.86	2,025.42	288.70	7.69	(37.09)	-	-
2020	1,551.81	1,644.10	210.94	2.49	(26.37)	-	-
2021	1,343.63	1,996.97	206.73	0.94	(24.45)	-	-
2022	1,464.05	2,265.76	222.02	1.03	(26.67)	-	-
2023	1,508.43	2,891.88	327.73	1.03	(44.63)	-	-

Financial Ratios

	Current
Market Cap (M Riyal)	1,641.00
Enterprise Value (EV) (M)	3,426.19
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	(0.80)
Book Value (BV) ( Riyal)	7.47
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.66
Return on Average Assets (%) (TTM)	(0.77 )
Return on Average Equity (%) (TTM)	(9.85 )

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Zamil deepens 2023 loss to SAR 297.8M; Q4 loss at SAR 66.8M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

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Zamil Industrial Investment Co. (ZAMIL INDUST)

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Zamil deepens 2023 loss to SAR 297.8M; Q4 loss at SAR 66.8M

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2023

Revenue by Business Segment (Latest) 2023 Q4

Financial Ratios

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Business Segments (Million)