Middle East Economic Survey
Zamil Net Profits Reach $18.7Mn In 2004
Zamil Industrial Investment Company (ZIIC) has announced a rise in its net profits by 39.7% in 2004 to SR70.2mn ($18.7mn), after Zakat contributions. Its earnings per share also grew by 39.7%, rising from SR7.17mn ($1.9mn) in 2003 to SR10mn ($2.7mn) in 2004. ZIIC posted a turnover of SR1.96bn ($523mn), a 25.6% increase over 2003. Shareholders equity witnessed a 13.9% increase, from...