Alujain Corp. — Interim / Quarterly Report 2012

Jan 21, 2013

Alujain announces its interim consolidated financial results for the period ended 31 December 2012 (Twelve Months)

2170 · 21/01/2013 09:14:52 · Announcement #28525 · View on Saudi Exchange

Alujain announces its interim consolidated financial results for the period ended 31 December 2012 (Twelve Months)

Alujain announces its interim consolidated financial results for the period ended 31 December 2012:

1. Net Income during the 4th quarter was SR16.91 million as compared to a net loss of SR24.82 million during the same period of last year and compared to net income of SR10.61 million during the previous quarter with an increase of 59%

2. Gross profit during the 4th quarter was SR86.67 million as compared to SR2.2 million during the same period of last year with an increase of 3840%.

3. Operating income during the 4th quarter was SR64.88 million as compared to an operating loss of SR10.78 million during the same period of last year.

4. Net Income during the twelve months was SR51.47 million as compared to a net loss of SR9.95 million during the same period of last year.

5. Earnings per common share during the twelve months was SR0.74 as compared to loss of SR0.14 during the same period of last year.

6. Gross profit during the twelve months was SR292.42 million as compared to SR158.81 million during the same period of last year with an increase of 84%.

7. Operating income during the twelve months was SR215.01 million as compared to an operating income of SR94.52 million during the same period of last year with an increase of 127%.

8. The reasons for increase in net profit during 4th quarter, 2012 as compared to 4th quarter, 2011 is mainly due to higher sales quantities and better netback. The sales and production during the same period of last year were low due to crash shutdown of the plant. The general & administrative expenses increased by SR 7.7 million during 4th quarter 2012 mainly due to increase in Fees and Legal expenses for re-financing activity, Travelling, IT related and other expenses compared to the same period of last year.

(to be continued)

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