Arabian Cement Co. — Interim / Quarterly Report 2012

Apr 17, 2012

ARABIAN CEMENT COMPANY ANNOUNSES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF THE YEAR 2012 FOR THE PERIOD ENDED 31/03/2012 (THREE MONTHS)

3010 · 17/04/2012 09:36:50 · Announcement #25261 · View on Saudi Exchange

ARABIAN CEMENT COMPANY ANNOUNSES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF THE YEAR 2012 FOR THE PERIOD ENDED 31/03/2012 (THREE MONTHS)

ARABIAN CEMENT COMPANY ANNOUNSES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER OF THE YEAR 2012 FOR THE PERIOD ENDED 31/03/2012 AS FOLLOWING:

1- The net profit during the first quarter is 146.1 million riyals compared to 116 million riyals for the same quarter of previous year an increase of 26 %, against posted 76.7 million riyals for the previous quarter an increase of 90.5 % .

2-The gross profit during the first quarter is 174.4 million riyals compared to 134 million riyals for the corresponding quarter of the previous year, an increase of 30.2 %.

3-The operating profit during the first quarter is 151.7 million riyals compared to 121.6 million riyals of the previous year, an increase of 24.8 %.

4-Earnings per share for the first quarter is SAR 1.83 compared to SAR 1.45 of the previous year.

5- The increase in profits for is increase of quantity of sales as a result of increasing of local demand and high efficiency of operation.

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