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ZIIC posts 1Q net up 30%

Saudi-based Zamil Industrial Investment Company has reported net profits after Zakat contributions of SAR 8.2 million for the 1Q of 2004, up 30.2% on the same period in 2003.
Total turnover during th…

Saudi-based Zamil Industrial Investment Company has reported net profits after Zakat contributions of SAR 8.2 million for the 1Q of 2004, up 30.2% on the same period in 2003. Total turnover during the first three months of 2004 was SAR 390.8 million, up SAR 86.6 million on the same period in 2003. Shareholders“ equity rose by 8.5% to SAR 427.5 million, up from SAR 393.9 million in 2003. ZIIC“s total exports amounted to SAR 195.9 million, representing 50.1% 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. 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.

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