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Zamil net profit up 16.4% in Q2

Saudi-based Zamil Industrial Investment Co (Zamil Industrial) has said net profit for the second quarter of 2012 grew by 16.4% to SR55.8m from SR48m during the same period in 2011, Arab News has reported. Gross profit for the quarter grew marginally by 0.9% to SR283.5m, compared with gross profit of SR281m for the same period in 2011. Net income for the first half of this year rose 10.1% to SR93.3m, compared with SR84.7m in the same period in 2011, the firm said.