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Zamil Industrial Investment Co announces the interim financial results for the period ending on 30-09-2014 (Nine Months)

ZAMIL INDUST 2240 0.10% 20.04 0.02
Element Current quarter Similar quarter for previous year % Change Current Previous quarter % Change Previous
Net profit (loss) 56,394 48,953 15.2 73,015 -22.76
Gross profit (loss) 311,686 316,783 -1.61 316,094 -1.39
Operational profit (loss) 89,708 87,913 2.04 101,354 -11.49


Element Current period similar period for previous year % Change
Net profit (loss) 195,416 175,246 11.51
Gross profit (loss) 933,292 931,431 0.2
Operational profit (loss) 285,977 282,932 1.08
Earning or loss per share, Riyals 3.26 2.92 -
All figures are in (Thousands) Saudi Arabia, Riyals

Element Explaination
Reasons of increase (decrease) for quarter compared with same quarter last year Were due to improved Operating Margins in the steel and air conditioning sectors. Net Profit improved because of reduction in Financial Charges and lower Taxes and Zakat.
Reasons of increase (decrease) for period compared with same period last year Were due to improved Operating Margins in the steel and air conditioning sectors and higher Other Income, while on the other hand lower Non-controlling Interest and Financial Charges.
Reasons of increase (decrease) for quarter compared with previous quarter Net Profit decrease was due to lower sales, seasonal impact and lower Operating Margins.
Reclassifications in quarterly financial results Certain figures for the third quarter of 2013 have been reclassified to conform with the presentation in the current period.

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