Saudi-based Zamil Industrial Investment Company (ZIIC) has reported net profits after Zakat contributions of 8.2 million Saudi riyals ($2.2 million) for the first quarter of 2004. This represents an increase of 30.2 percent over the same period in 2003.
Total turnover during the first three months of the year was SR 390.8 million, an increase of SR 86.6 million over the same period in 2003. Shareholders' equity increased by 8.5 percent to SR 427.5 million, up from SR 393.9 million in 2003.
ZIIC's total exports amounted to SR 195.9 million, representing 50.1 percent of group turnover. ZIIC products are marketed and sold in more than 75 countries around the world.
ZIIC was founded in 1998 and is headquartered in Dammam, Saudi Arabia. As an international manufacturing and fabrication group, it provides air conditioning, pre-engineered steel buildings, structural steel products, transmission towers, open web joists and decks, and architectural glass processing solutions to the global construction industry through its three sector businesses. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
