Alujain Corp. — Interim / Quarterly Report 2013

Apr 20, 2013

Alujain announces its interim consolidated financial results for the period ended 31 March 2013 (Three Months)

2170 · 20/04/2013 17:10:06 · Announcement #30435 · View on Saudi Exchange

Alujain announces its interim consolidated financial results for the period ended 31 March 2013 (Three Months)

Alujain announces its interim consolidated financial results for the period ended 31 March 2013:

1. Net Loss during the 1st quarter was SR15.89 million as compared to a net Income of SR9.60 million during the same period of last year and compared to net income of SR16.91 million during the previous quarter.

2. Gross profit during the 1st quarter was SR19.34 million as compared to a gross profit of SR63.15 million during the same period of last year with a decrease of 69.37%.

3. Operating income during the 1st quarter was SR0.14 million as compared to an operating income of SR44.99 million during the same period of last year with a decrease of 99.69%.

4. Loss per common share during the three months was SR0.23 as compared to earnings per common share of SR0.14 during the same period of last year.

5. The reasons for loss during 1st quarter, 2013 as compared to 1st quarter, 2012 is mainly due to lower sales quantities as a result of plant shutdown from 27th January until 7th March 2013.

6. The reasons for loss during 1st quarter, 2013 as compared to 4th quarter, 2012 is mainly due to lower sales quantities as a result of plant shutdown from 27th January until 7th March 2013. The general & administrative expenses were high by SAR 2.6 million during 4th quarter 2012 mainly due to the Legal expenses for re-financing activity.

7. Certain reclassifications were made in comparative numbers to conform to the current period

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