Zamil Industrial's H1 net profit drops 31%

27/07/2016 Argaam Exclusive

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Zamil Industrial Investment Co. (ZAMIL INDUST)

Zamil Industrial Investment Co., a manufacturer of air conditioners, steel structures and architectural glass, reported a net profit of SAR 102 million for the first half of 2016, a 31 percent year-on-year (YoY) decline attributed to lower sales of core products due to project delays in the kingdom.

In addition, higher financing charges and taxes, as well as lower other income also weighed on the profit.

Financials (M)

Item	6m 2015	6m 2016	Change‬
Revenues	2,697.76	2,631.50	(2.5 %)
Gross Income	622.68	579.24	(7.0 %)
Operating Income	194.74	178.19	(8.5 %)
Net Income	148.10	104.12	(29.7 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	2.47	1.74	(29.7 %)

The second-quarter net profit dropped 32 percent YoY to SAR 51 million. When compared to the previous quarter, net profit for the period edged down 1.2 percent.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2015	Q2 2016	Change‬
Revenues	1,438.81	1,408.33	(2.1 %)
Gross Income	317.26	308.91	(2.6 %)
Operating Income	97.25	99.53	2.3 %
Net Income	74.36	51.22	(31.1 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	1.24	0.85	(31.1 %)

Item	Q1 2016	Q2 2016	Change‬
Revenues	1,223.17	1,408.33	15.1 %
Gross Income	281.32	308.91	9.8 %
Operating Income	78.66	99.53	26.5 %
Net Income	52.90	51.22	(3.2 %)
Average Shares	60.00	60.00	-
EPS (Riyals)	0.88	0.85	(3.2 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2007	815.46	37.1 %	160.71	30.8 %	44.85	1.6 %	0.75
Q2 2007	958.15	29.4 %	200.42	24.7 %	57.79	9.4 %	0.96
Q3 2007	1,006.68	29.3 %	194.62	16.9 %	58.69	1.6 %	0.98
Q4 2007	900.97	19.5 %	179.15	(2.2 %)	45.16	22.3 %	0.75
2007	3,681.26	28.4 %	734.89	16.1 %	206.50	7.8 %	3.44
Q1 2008	1,007.87	23.6 %	196.12	22.0 %	50.36	12.3 %	0.84
Q2 2008	1,285.95	34.2 %	264.00	31.7 %	73.06	26.4 %	1.22
Q3 2008	1,306.70	29.8 %	269.09	38.3 %	81.69	39.2 %	1.36
Q4 2008	949.08	5.3 %	236.37	31.9 %	20.03	(55.7 %)	0.33
2008	4,549.60	23.6 %	965.58	31.4 %	225.14	9.0 %	3.75
Q1 2009	1,141.18	13.2 %	234.34	19.5 %	52.47	4.2 %	0.87
Q2 2009	1,148.58	(10.7 %)	224.21	(15.1 %)	59.84	(18.1 %)	1.00
Q3 2009	944.65	(27.7 %)	218.84	(18.7 %)	53.83	(34.1 %)	0.90
Q4 2009	970.00	2.2 %	274.38	16.1 %	64.01	219.6 %	1.07
2009	4,204.41	(7.6 %)	951.76	(1.4 %)	230.15	2.2 %	3.84
Q1 2010	927.09	(18.8 %)	221.50	(5.5 %)	55.05	4.9 %	0.92
Q2 2010	1,078.27	(6.1 %)	242.72	8.3 %	63.01	5.3 %	1.05
Q3 2010	963.43	2.0 %	212.14	(3.1 %)	31.74	(41.0 %)	0.53
Q4 2010	1,049.63	8.2 %	319.07	16.3 %	61.33	(4.2 %)	1.02
2010	4,018.41	(4.4 %)	995.43	4.6 %	211.13	(8.3 %)	3.52
Q1 2011	966.72	4.3 %	220.82	(0.3 %)	36.76	(33.2 %)	0.61
Q2 2011	1,325.21	22.9 %	281.04	15.8 %	47.93	(23.9 %)	0.80
Q3 2011	1,167.19	21.1 %	259.49	22.3 %	33.55	5.7 %	0.56
Q4 2011	1,268.58	20.9 %	289.88	(9.1 %)	35.95	(41.4 %)	0.60
2011	4,727.70	17.7 %	1,051.24	5.6 %	154.19	(27.0 %)	2.57
Q1 2012	1,102.10	14.0 %	240.61	9.0 %	37.51	2.1 %	0.63
Q2 2012	1,344.79	1.5 %	283.54	0.9 %	55.77	16.4 %	0.93
Q3 2012	1,281.54	9.8 %	273.15	5.3 %	46.79	39.4 %	0.78
Q4 2012	1,626.45	28.2 %	367.82	26.9 %	61.39	70.7 %	1.02
2012	5,354.87	13.3 %	1,165.12	10.8 %	201.45	30.7 %	3.36
Q1 2013	1,242.94	12.8 %	299.76	24.6 %	62.69	67.1 %	1.04
Q2 2013	1,431.03	6.4 %	314.89	11.1 %	63.60	14.0 %	1.06
Q3 2013	1,374.40	7.2 %	316.78	16.0 %	48.96	4.6 %	0.82
Q4 2013	1,365.61	(16.0 %)	375.38	2.1 %	60.11	(2.1 %)	1.00
2013	5,413.98	1.1 %	1,306.81	12.2 %	235.36	16.8 %	3.92
Q1 2014	1,292.86	4.0 %	305.51	1.9 %	66.01	5.3 %	1.10
Q2 2014	1,386.01	(3.1 %)	316.09	0.4 %	73.02	14.8 %	1.22
Q3 2014	1,290.68	(6.1 %)	311.69	(1.6 %)	56.39	15.2 %	0.94
Q4 2014	1,485.87	8.8 %	400.78	6.8 %	64.92	8.0 %	1.08
2014	5,455.42	0.8 %	1,347.39	3.1 %	260.34	10.6 %	4.34
Q1 2015	1,258.95	(2.6 %)	305.42	0.0 %	73.73	11.7 %	1.23
Q2 2015	1,438.81	3.8 %	317.26	0.4 %	74.36	1.8 %	1.24
Q3 2015	1,338.31	3.7 %	308.04	(1.2 %)	57.46	1.9 %	0.96
Q4 2015	1,452.53	(2.2 %)	374.57	(6.5 %)	57.45	(11.5 %)	0.96
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	263.01	1.0 %	4.38
Q1 2016	1,223.17	(2.8 %)	281.32	(7.9 %)	52.90	(28.3 %)	0.88
Q2 2016	1,408.33	(2.1 %)	308.91	(2.6 %)	51.22	(31.1 %)	0.85

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2006	2,867.59	21.0 %	633.16	25.9 %	191.65	80.2 %	3.19
2007	3,681.26	28.4 %	734.89	16.1 %	206.50	7.8 %	3.44
2008	4,549.60	23.6 %	965.58	31.4 %	225.14	9.0 %	3.75
2009	4,204.41	(7.6 %)	951.76	(1.4 %)	230.15	2.2 %	3.84
2010	4,018.41	(4.4 %)	995.43	4.6 %	211.13	(8.3 %)	3.52
2011	4,727.70	17.7 %	1,051.24	5.6 %	154.19	(27.0 %)	2.57
2012	5,354.87	13.3 %	1,165.12	10.8 %	201.45	30.7 %	3.36
2013	5,413.98	1.1 %	1,306.81	12.2 %	235.36	16.8 %	3.92
2014	5,455.42	0.8 %	1,347.39	3.1 %	260.34	10.6 %	4.34
2015	5,488.60	0.6 %	1,305.28	(3.1 %)	263.01	1.0 %	4.38

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	21.73 %	10.26 %	6.23 %
Q2 2007	21.50 %	10.07 %	5.97 %
Q3 2007	20.91 %	9.71 %	5.61 %
Q4 2007	19.96 %	9.80 %	5.61 %
2007	19.96 %	9.80 %	5.61 %
Q1 2008	19.89 %	9.82 %	5.47 %
Q2 2008	19.85 %	9.68 %	5.41 %
Q3 2008	20.18 %	9.87 %	5.56 %
Q4 2008	21.22 %	9.98 %	4.95 %
2008	21.22 %	9.98 %	4.95 %
Q1 2009	21.44 %	10.06 %	4.85 %
Q2 2009	21.21 %	9.94 %	4.71 %
Q3 2009	21.84 %	10.06 %	4.45 %
Q4 2009	22.64 %	11.43 %	5.47 %
2009	22.64 %	11.43 %	5.47 %
Q1 2010	23.53 %	11.80 %	5.83 %
Q2 2010	24.42 %	11.94 %	6.02 %
Q3 2010	24.14 %	11.15 %	5.43 %
Q4 2010	24.77 %	10.10 %	5.25 %
2010	24.77 %	10.10 %	5.25 %
Q1 2011	24.51 %	9.65 %	4.75 %
Q2 2011	24.00 %	9.48 %	4.13 %
Q3 2011	23.96 %	9.63 %	3.98 %
Q4 2011	22.24 %	8.46 %	3.26 %
2011	22.24 %	8.46 %	3.26 %
Q1 2012	22.02 %	8.53 %	3.19 %
Q2 2012	21.99 %	8.65 %	3.33 %
Q3 2012	21.76 %	8.72 %	3.52 %
Q4 2012	21.76 %	9.60 %	3.76 %
2012	21.76 %	9.60 %	3.76 %
Q1 2013	22.28 %	9.83 %	4.12 %
Q2 2013	22.49 %	9.71 %	4.20 %
Q3 2013	22.90 %	9.63 %	4.17 %
Q4 2013	24.14 %	10.06 %	4.35 %
2013	24.14 %	10.06 %	4.35 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	22.08 %	10.20 %	6.68 %
2007	19.96 %	9.80 %	5.61 %
2008	21.22 %	9.98 %	4.95 %
2009	22.64 %	11.43 %	5.47 %
2010	24.77 %	10.10 %	5.25 %
2011	22.24 %	8.46 %	3.26 %
2012	21.76 %	9.60 %	3.76 %
2013	24.14 %	10.06 %	4.35 %
2014	24.70 %	10.36 %	4.95 %
2015	23.78 %	10.38 %	5.99 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	19.71 %	9.51 %	5.50 %
Q2 2007	20.92 %	10.60 %	6.03 %
Q3 2007	19.33 %	10.07 %	5.83 %
Q4 2007	19.88 %	8.91 %	5.01 %
Q1 2008	19.46 %	9.67 %	5.00 %
Q2 2008	20.53 %	9.93 %	5.68 %
Q3 2008	20.59 %	10.63 %	6.25 %
Q4 2008	24.91 %	9.49 %	2.11 %
Q1 2009	20.53 %	10.03 %	4.60 %
Q2 2009	19.52 %	9.44 %	5.21 %
Q3 2009	23.17 %	11.43 %	5.70 %
Q4 2009	28.29 %	15.41 %	6.60 %
Q1 2010	23.89 %	11.32 %	5.94 %
Q2 2010	22.51 %	9.79 %	5.84 %
Q3 2010	22.02 %	8.22 %	3.29 %
Q4 2010	30.40 %	11.05 %	5.84 %
Q1 2011	22.84 %	9.41 %	3.80 %
Q2 2011	21.21 %	9.20 %	3.62 %
Q3 2011	22.23 %	9.02 %	2.87 %
Q4 2011	22.85 %	6.43 %	2.83 %
Q1 2012	21.83 %	9.60 %	3.40 %
Q2 2012	21.08 %	9.63 %	4.15 %
Q3 2012	21.31 %	9.29 %	3.65 %
Q4 2012	22.62 %	9.83 %	3.77 %
Q1 2013	24.12 %	10.61 %	5.04 %
Q2 2013	22.00 %	9.18 %	4.44 %
Q3 2013	23.05 %	8.96 %	3.56 %
Q4 2013	27.49 %	11.57 %	4.40 %
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 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2007	60.00	3.21	3.21	11.92
Q2 2007	60.00	3.29	3.29	12.90
Q3 2007	60.00	3.30	3.30	13.94
Q4 2007	60.00	3.44	3.44	14.87
Q1 2008	60.00	3.53	3.53	14.41
Q2 2008	60.00	3.79	3.79	15.59
Q3 2008	60.00	4.17	4.17	16.77
Q4 2008	60.00	3.75	3.75	17.14
Q1 2009	60.00	3.79	3.79	16.82
Q2 2009	60.00	3.57	3.57	17.93
Q3 2009	60.00	3.10	3.10	18.83
Q4 2009	60.00	3.84	3.84	19.92
Q1 2010	60.00	3.88	3.88	19.82
Q2 2010	60.00	3.93	3.93	20.71
Q3 2010	60.00	3.56	3.56	20.56
Q4 2010	60.00	3.52	3.52	21.48
Q1 2011	60.00	3.21	3.21	22.04
Q2 2011	60.00	2.96	2.96	22.08
Q3 2011	60.00	2.99	2.99	21.72
Q4 2011	60.00	2.57	2.57	22.49
Q1 2012	60.00	2.58	2.58	23.22
Q2 2012	60.00	2.71	2.71	23.14
Q3 2012	60.00	2.93	2.93	23.25
Q4 2012	60.00	3.36	3.36	24.15
Q1 2013	60.00	3.78	3.78	25.12
Q2 2013	60.00	3.91	3.91	25.26
Q3 2013	60.00	3.94	3.94	25.37
Q4 2013	60.00	3.92	3.92	26.81
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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	60.00	3.19	3.19	12.36
2007	60.00	3.44	3.44	14.87
2008	60.00	3.75	3.75	17.14
2009	60.00	3.84	3.84	19.92
2010	60.00	3.52	3.52	21.48
2011	60.00	2.57	2.57	22.49
2012	60.00	3.36	3.36	24.15
2013	60.00	3.92	3.92	26.81
2014	60.00	4.34	4.50	29.04
2015	60.00	4.38	5.48	31.42

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	17.35	17.35	4.67
Q2 2007	16.12	16.12	4.11
Q3 2007	19.06	19.06	4.52
Q4 2007	19.99	19.99	4.63
Q1 2008	16.38	16.38	4.02
Q2 2008	20.89	20.89	5.08
Q3 2008	17.76	17.76	4.42
Q4 2008	11.42	11.42	2.50
Q1 2009	8.83	8.83	1.99
Q2 2009	12.70	12.70	2.53
Q3 2009	15.45	15.45	2.54
Q4 2009	10.93	10.93	2.10
Q1 2010	12.99	12.99	2.54
Q2 2010	11.09	11.09	2.11
Q3 2010	12.85	12.85	2.23
Q4 2010	9.95	9.95	1.63
Q1 2011	10.64	10.64	1.55
Q2 2011	10.63	10.63	1.43
Q3 2011	9.12	9.12	1.26
Q4 2011	11.36	11.36	1.30
Q1 2012	13.01	13.01	1.45
Q2 2012	10.43	10.43	1.22
Q3 2012	10.06	10.06	1.27
Q4 2012	9.38	9.38	1.30
Q1 2013	8.87	8.87	1.33
Q2 2013	10.47	10.47	1.62
Q3 2013	12.04	12.04	1.87
Q4 2013	11.09	11.09	1.62
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

Period	P/E	Adjusted P/E	Price/book
2006	16.95	16.95	4.38
2007	19.99	19.99	4.63
2008	11.42	11.42	2.50
2009	10.93	10.93	2.10
2010	9.95	9.95	1.63
2011	11.36	11.36	1.30
2012	9.38	9.38	1.30
2013	11.09	11.09	1.62
2014	10.83	10.44	1.62
2015	7.43	5.94	1.04

Business Segments (Million)

Compared With The

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
Q1 2009	345.25	754.86	41.08	-	-	-	-
Q2 2009	485.30	622.54	40.74	-	-	-	-
Q3 2009	399.97	501.99	42.70	-	-	-	-
Q4 2009	345.99	571.96	52.06	-	-	-	-
Q1 2010	337.70	545.52	43.87	-	-	-	-
Q2 2010	460.85	572.51	44.91	-	-	-	-
Q3 2010	397.27	524.28	41.88	-	-	-	-
Q4 2010	440.40	566.99	42.24	-	-	-	-
Q1 2011	348.74	531.70	45.03	-	-	41.25	-
Q2 2011	547.89	611.56	125.18	-	-	40.58	-
Q3 2011	448.14	606.75	76.96	-	-	35.34	-
Q4 2011	491.57	666.96	77.81	-	-	32.24	-
Q1 2012	349.88	628.69	95.40	-	-	28.13	-
Q2 2012	537.38	681.91	85.93	-	-	39.57	-
Q3 2012	508.89	660.32	70.70	-	-	41.48	0.15
Q4 2012	788.41	718.44	70.93	-	-	47.27	1.39
Q1 2013	474.88	647.71	71.77	-	-	-	48.58
Q2 2013	648.27	657.97	75.26	-	-	-	49.53
Q3 2013	602.72	655.39	74.09	-	-	-	42.20
Q4 2013	502.51	736.22	77.52	-	-	-	49.36
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)	-	-

Period	Air conditioners Manufacture	Iron Industry	Insulation materials industry	Corporate and others	Eliminations	concrete	Headquarters & Others
2009	1,576.50	2,451.34	176.57	-	-	-	-
2010	1,636.22	2,209.30	172.89	-	-	-	-
2011	1,836.33	2,416.98	324.98	-	-	149.40	-
2012	2,184.56	2,689.36	322.97	-	-	156.44	1.53
2013	2,228.38	2,697.29	298.65	-	-	-	189.67
2014	2,463.80	2,535.52	292.93	-	-	-	163.17
2015	2,476.21	2,683.81	321.39	-	-	-	7.19

Analysts Estimates (Million)

Item	Q2 2016 (e)	Q2 2016 (a)	Change‬
Average	57.20	51.22	(10.5 %)

Estimates vs Actual (Million)

Item	Q2 2016 (e)	Q2 2016 (a)	Change
OSOOL AND BAKHEET	57.20	51.22	(10.5) %

Financial Ratios

	Current
Market Cap (M Riyal)	1,317.60
Enterprise Value (EV) (M)	3,217.99
Shares Outstanding ((M))	60.00
EPS ( Riyal) (TTM)	(4.64)
Book Value (BV) ( Riyal)	7.27
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	3.02
Return on Average Assets (%) (TTM)	(4.56 )
Return on Average Equity (%) (TTM)	(47.02 )

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Zamil Industrial's H1 net profit drops 31%

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Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (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) 2016 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

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Zamil Industrial's H1 net profit drops 31%

View other reports

Share Price

Zamil Industrial Investment Co. (ZAMIL INDUST)

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q2 2016

Revenue by Business Segment (Latest) 2016 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

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Business Segments (Million)