Alujain Corp. — Earnings Release 2009

Jan 18, 2010

Alujain announces its Consolidated Financial Results for the period ending 31st December 2009 (Twelve months)

2170 · 18/01/2010 18:59:58 · Announcement #16908 · View on Saudi Exchange

Alujain announces its Consolidated Financial Results for the period ending 31st December 2009 (Twelve months)

Alujain announces its consolidated financial results for the period ending 31st December 2009:

1. Net income during the 4th quarter was SR2,525,088 as compared to a net loss of SR28,270,463 during the same period of last year. Net loss during the previous quarter was SR9,936,666 .

2. Total gross income during the 4th quarter was SR13,046,961 as compared to SR990,204 during the same period of last year, increased by 1,217.60%.

3. Operating loss during the 4th quarter was SR3,810,143 as compared to SR38,390,331 during the same period of last year, decreased by 90.08%.

4. Net loss during the twelve months was SR27,277,536 as compared to SR65,102,174 during the same period of last year, decreased by 58.10%.

5. Loss per common share during the twelve months was SR0.39 as compared to SR0.94 during the same period of last year

6. Total gross income during the twelve months was SR13,925,592 as compared to SR6,573,404 during the same period of last year, increased by 111.85%.

7. Operating loss during the twelve months was SR46,752,121 as compared to SR92,782,763 during the same period of last year, decreased by 49.61%.

Cont...

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