Zamil Industrial Investment Co. reported a net loss after Zakat and tax of SAR 159.9 million for 2020, from a loss of SAR 138.8 million in 2019.
The company attributed higher losses to SAR 43.2 million impairment in certain capital assets and goodwill, SAR 24.2 million increase in the provisions for expected credit loss of financial assets, lower sales across all sectors, as well as lower operating margins in the steel and insulation sectors.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 4,038.58 | 3,382.96 | (16.2 %) |
| Gross Income | 586.85 | 446.36 | (23.9 %) |
| Operating Income | (27.27) | (61.38) | (125.1 %) |
| Net Income | (138.81) | (159.87) | (15.2 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (2.31) | (2.66) | (15.2 %) |
Zamil Industrial widened fourth-quarter net loss after Zakat and tax to SAR 34.3 million year-on-year (YoY).
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 874.60 | 958.49 | 9.6 % |
| Gross Income | 212.92 | 141.19 | (33.7 %) |
| Operating Income | 22.41 | (2.01) | (109.0 %) |
| Net Income | (13.97) | (34.25) | (145.1 %) |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.23) | (0.57) | (145.1 %) |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 824.39 | 958.49 | 16.3 % |
| Gross Income | 107.04 | 141.19 | 31.9 % |
| Operating Income | (13.78) | (2.01) | 85.4 % |
| Net Income | (38.50) | (34.25) | 11.0 % |
| Average Shares | 60.00 | 60.00 | - |
| EPS (Riyals) | (0.64) | (0.57) | 11.0 % |
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