Ash-Sharqiyah Development Co. — Interim / Quarterly Report 2011

Jul 18, 2011

Ash-Sharqiyah Development Company Announces Interim financial results for the period ending 30/06/2011(six months)

6060 · 18/07/2011 17:24:44 · Announcement #22327 · View on Saudi Exchange

Ash-Sharqiyah Development Company Announces Interim financial results for the period ending 30/06/2011(six months)

1. the total net loss during the second quarter SR 1.074.165 compared to SR 274.397 for the same quarter of last year with an increase of % 291 compared with gross profit of SR 273.569 for the previous quarter.

2. the gross profit during the second quarter SR 148.234 compared with SR 863.996 for the same quarter of last year with a decrease of 82.8%

3. the total operational loss during second quarter SR 1.084.682 compared with SR 323.318 for the same quarter of last year with an increase of 235%

4. the total net loss during the six months SR 800.595 compared with SR3.296.662 for the same period of last year with a decrease of 75.7%

5. the loss per share SR 0.11 during the six months, compared with SR0.44 for the same period of last year .

6.the gross profit in the six months SR 818.330 compared with a loss SR849.428 for the same period of last year.

7. the total operational loss during the six months to SR 1.712.740 compared with SR3.366.589 for the same period the last year, with a decrease of 49%

8. the cause of the high losses for the second quarter compared to the same period last year was the high price of production inputs additional to a decrease in productivity of some agricultural crops.

9. the cause of the low loss six months compared with the same period last year was the increase in sales additional to there was profits in associates companies were included in the first quarter.

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