Zamil makes SAR 18.6M profit in 9M 2024; Q3 at SAR 7.1M

06/11/2024 Argaam Exclusive

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Zamil Industrial Investment Co. swung to a net profit of SAR 18.6 million in the first nine months of 2024, against a net loss of SAR 231.1 million in the year-earlier period.

Financials (M)

Item	9m 2023	9m 2024	Change‬
Revenues	3,390.56	4,281.15	26.3 %
Gross Income	465.05	684.82	47.3 %
Operating Income	29.45	115.66	292.7 %
Net Income	(231.08)	18.58	108.0 %
Average Shares	60.00	60.00	-
EPS (Riyals)	(3.85)	0.31	108.0 %

The company reported a 26.3% year-on-year (YoY) increase in total revenue, on better sales in the air conditioning and steel segments, which grew by 48.6% and 16%, respectively.

Revenue rose across the board, driving the gross profit up by 47.3% YoY. Operating income increased from all segments, while other income jumped by SAR 32.6 million.

Zamil also reported an increase of SAR 4.8 million in its profit share from associates and joint ventures. The company also cited declines in Zakat and income tax, as well as finance costs by SAR 4.2 million and SAR 6.2 million, respectively.

On the other hand, profits from discontinued operations dropped by SAR 39.6 million recognized in 2023.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2023	Q3 2024	Change‬
Revenues	1,225.88	1,641.45	33.9 %
Gross Income	163.43	272.12	66.5 %
Operating Income	0.66	37.14	5501.2 %
Net Income	(33.17)	7.05	121.3 %
Average Shares	60.00	60.00	-
EPS (Riyals)	(0.55)	0.12	121.3 %

Item	Q2 2024	Q3 2024	Change‬
Revenues	1,335.28	1,641.45	22.9 %
Gross Income	213.24	272.12	27.6 %
Operating Income	57.09	37.14	(35.0 %)
Net Income	6.10	7.05	15.7 %
Average Shares	60.00	60.00	-
EPS (Riyals)	0.10	0.12	15.7 %

The third-quarter net earnings saw an over two-fold increase to SAR 7.1 million, against net losses of SAR 33.1 million, thanks to a 33.9% YoY in topline.

On a sequential basis, net earnings rose 15.7% from SAR 6.1 million in Q2 2024 as total revenue rose 22.9% quarter-on-quarter (QoQ), on better sales in the air conditioning segment, which leapt 62%.

Gross profit went up by 27.6%. Finance costs decreased by SAR 1.1 million.

Total shareholders’ equity, after minority interest, reached SAR 447.97 million as of Sept. 30, 2024, compared to SAR 530.38 million in the corresponding period of 2023.

Accumulated losses reached SAR 91.2 million by the end of the nine-month period, which represents 15.2% of the company’s capital.

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Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %)
Q1 2024	1,304.42	25.5 %	199.45	35.9 %	21.44	(12.5 %)
Q2 2024	1,335.28	18.6 %	213.24	41.3 %	57.09	1231.8 %
Q3 2024	1,641.45	33.9 %	272.12	66.5 %	37.14	5501.2 %

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 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)
Q1 2024	5.43	139.3 %	0.09	33.57	(28.14)	(0.47)
Q2 2024	6.10	103.3 %	0.10	-	6.10	0.10
Q3 2024	7.05	121.3 %	0.12	-	7.05	0.12

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 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 %)
Q1 2024	12.55 %	(1.71 %)	(7.27 %)
Q2 2024	13.24 %	(0.48 %)	(6.13 %)
Q3 2024	14.21 %	0.11 %	(4.75 %)

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 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 %)
Q1 2024	15.29 %	3.20 %	(2.16 %)
Q2 2024	15.97 %	6.38 %	0.46 %
Q3 2024	16.58 %	3.20 %	0.43 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2024	60.00	(4.64)	(5.99)	7.27
Q2 2024	60.00	(1.47)	(5.28)	7.36
Q3 2024	60.00	(0.80)	(4.42)	7.47

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 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
Q1 2024	NEG	NEG	3.59
Q2 2024	NEG	NEG	3.26
Q3 2024	NEG	NEG	3.58

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 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)	-	-
Q1 2024	474.87	753.28	81.75	0.26	(5.74)	-	-
Q2 2024	476.09	791.06	76.56	0.26	(8.69)	-	-
Q3 2024	773.55	795.94	81.54	0.26	(9.83)	-	-

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)	1,680.00
Enterprise Value (EV) (M)	3,465.19
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	3.75
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 makes SAR 18.6M profit in 9M 2024; Q3 at SAR 7.1M

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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) 2024 Q3

Financial Ratios

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Zamil makes SAR 18.6M profit in 9M 2024; Q3 at SAR 7.1M

View other reports

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) Q3 2024

Revenue by Business Segment (Latest) 2024 Q3

Financial Ratios

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

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Business Segments (Million)