Zamil profits up 48.7 %

Zamil Industrial Investment Company (Zamil Industrial) has announced its consolidated interim financial results for the period ending June 30, 2012. Net profits for the second quarter of 2012 were SR 55.8 million, compared to SR 48 million during the same period in 2011, representing 16.4 percent growth, and compared to SR 37.5 million posted in the previous quarter (Q1) — an increase of 48.7 percent.
Gross profit for the second quarter of 2012 was SR 283.5 million, compared to gross profit of SR 281 million for the same period in 2011, an increase of 0.9 percent.
Operating profits during the second quarter were SR 96.8 million compared to SR 83.5 million for the same period in 2011, an increase of 15.9 percent.
During the six months ending June 30, 2012, net profits were SR 93.3 million compared to SR 84.7 million, representing an increase of 10.1 percent over the same period in 2011.
Earnings per share grew to SR 1.55 from SR 1.41 in the same period in 2011.