Eastern Province Cement Co. — Earnings Release 2012

Oct 10, 2012

EASTERN PROVINCE CEMENT COMPANY ANNOUNCES THE FINANCIAL RESULTS (ESTIMATED) FOR THE PERIOD ENDING 30/09/2012 NINE MONTHS

3080 · 10/10/2012 16:36:24 · Announcement #27229 · View on Saudi Exchange

EASTERN PROVINCE CEMENT COMPANY ANNOUNCES THE FINANCIAL RESULTS (ESTIMATED) FOR THE PERIOD ENDING 30/09/2012 NINE MONTHS

Eastern Province Cement Company announces the financial results (Estimated) for the period ending 30/09/2012 Nine Months

1. Net profit (Estimated) for the third quarter is SAR 84 million, compared to SAR 75 million for the corresponding quarter of the previous year, an increase of 12% and compared to SAR 103 million for the previous quarter, a decrease of 18%

2. Gross profit (Estimated) for the third quarter is SAR 89 million, compared to SAR 94 million for the corresponding quarter of the previous year, a decrease of 5%

3. Operating profit (Estimated) for the third quarter is SAR 81 million, compared to SAR 86 million for the corresponding quarter of the previous year, a decrease of 6%

4. Net profit (Estimated) for the nine months is SAR 291 million, compared to SAR 258 million for the same period of the previous year, an increase of 13%

5. Earnings per share (Estimated) for the nine months are SAR 3.38 compared to SAR 3.00 for the same period of the previous year.

6. Gross profit (Estimated) for the nine months is SAR 322 million, compared to SAR 301 million for the same period of the previous year, an increase of 7%

7. Operating profit (Estimated) for the nine months is SAR 291 million, compared to SAR 272 million for the same period of the previous year, an increase of 7%

8. The reasons for the increase in the net profit (Estimated) during the third quarter compared to the same quarter of the previous year are due to decrease in the company's share of losses of associated companies and increase of Miscellaneous income, while the reasons for a decrease in the net profit (Estimated) during the third quarter compared to the previous quarter are due to decrease in the sales volume during holy Ramadan and Eid holiday. The reasons for the increase in the net profit (Estimated) during the current period (nine months) compared with the corresponding period of the previous year attributed to the increase in sales volume and increase in the investment and Miscellaneous income.

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