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April 26, 2015 3:41 AM ET

Metals and Mining

Company Overview of Zamil Industrial Investment Company

Company Overview

Zamil Industrial Investment Company, together with its subsidiaries, engages in the manufacture, sale, supply, erection, and fabrication of engineering systems, and services and maintenance for the construction industry. The company offers pre-engineered steel buildings; structural steel products and process equipment, transmission and telecommunication towers, open Web steel joists, and roof and floor steel decks; and construction products and building envelope materials, including sandwich panels. It also offers engineering services and turnkey solutions for the supply and installation of the roof covering and wall cladding; air conditioning products, such as compact room air conditioners ...

PO Box 14441

Dammam,  31424

Saudi Arabia

Founded in 1974

Phone:

966 13 810 8111

Fax:

966 13 810 8199

Key Executives for Zamil Industrial Investment Company

Zamil Industrial Investment Company does not have any Key Executives recorded.

Zamil Industrial Investment Company Key Developments

Zamil Industrial Investment Company Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Zamil Industrial Investment Company reported consolidated earnings results for the first quarter ended March 31, 2015. Net profits for the first quarter of 2015 were SAR 73.7 million (USD 19.6 million), compared with SAR 66.1 million (USD 17.6 million) during the same period in 2014, an increase of 11.7%, and compared with SAR 64.9 million (USD 17.3 million) posted in the previous quarter, an increase of 13.6%. Operating profits during the first quarter were SAR 97.5 million (USD 26 million), compared with SAR 94.9 million (USD 25.3 million) for the same period in 2014, an increase of 2.7%. Earnings per share grew to SAR 1.23 from SAR 1.10 during the same period in 2014. Improved performance in the first quarter, when compared with the same period last year, was attributed to larger margins in the air-conditioning and insulation sectors and to a reduction in financial charges/foreign taxes, as well as an increase in other income and share of profit from associates. The increase in net profit in the first quarter of 2015, when compared with the fourth quarter of 2014, was due to a one-time cost related to impairment of goodwill, which was loaded in the fourth quarter of 2014. Operating profit was affected due to a reduction in overall sales and operating margins.

Zamil Industrial Investment Appoints Ernst Young as Auditor

Zamil Industrial Investment announced that at the annual shareholders ordinary general assembly meeting approved the appointment of Ernst Young as the external auditors as per the recommendation of the Audit Committee to audit the company's quarterly and annual accounts for the year 2015.

Zamil Industrial Investment Company Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Zamil Industrial Investment Company reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of ZAR 64.92 million, or ZAR 1.08 per share, compared to ZAR 60.11 million, or ZAR 1.00 per share, for the same quarter ended December 31, 2013. Revenue was ZAR 1.52 billion, compared to ZAR 1.36 billion for the same quarter ended December 31, 2013. For the year, the company reported net income of ZAR 260.34 million, or ZAR 4.34 per share, compared to ZAR 235.36 million, or ZAR 3.92 per share, for the year ended December 31, 2013. Revenue for the year ended December 31, 2014 was ZAR 5.49 billion, compared to ZAR 5.41 billion for the year ended December 31, 2013.

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