Alujain Corp. — Earnings Release 2014

Feb 24, 2015

Alujain Corporation announces the annual financial results for the period ending on 31-12-2014

2170 · 24/02/2015 15:57:33 · Announcement #37320 · View on Saudi Exchange

Alujain Corporation announces the annual financial results for the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	167.38	109.82	52.41
Earning or loss per share, Riyals	2.42	1.59	-
Gross profit (loss)	434.16	343.85	26.26
Operational profit (loss)	355.99	259.69	37.08

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The increase is mainly due to higher sales quantities, better selling prices, and slightly lower feedstock prices. The finance charges, selling & distribution expenses and General & Administrative expenses also reduced during 2014 as compared to 2013. The subsidiary (NATPET) reported SR 10 million against its share of losses from its joint venture (Bonar Natpet) for the year 2014.
Reclassifications in annual financial results	Certain reclassifications were made in comparative numbers to conform to the current period.

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