Filing and Packing Materials Manufacturing Co. — Earnings Release 2012

Jul 17, 2012

Filling & packaging materials Mfg. Co. Announces the Financial Results for the period ending 30/06/2012 (Six months).

2180 · 17/07/2012 17:19:14 · Announcement #26476 · View on Saudi Exchange

Filling & packaging materials Mfg. Co. Announces the Financial Results for the period ending 30/06/2012 (Six months).

Filling & packaging materials Mfg. Co. Announces the Financial Results for the period ending 30/06/2012 (Six months).

Filling & packaging materials Mfg. Co. Announces Financial Results for the period ending 30/06/2012 (Six months).

1 - The net profit during the second quarter 7.2 Million Riyals compared to 3.8 Million for the same quarter of last year, with an increase of %89 and against 7.2 Million for the previous quarter.

2 - The gross profit during the second quarter 11.6 million Riyals compared to 7 Million for the corresponding quarter of previous year, with an increase of 66%

3 - The operating profit during the second quarter 7.9 Million Riyals compared to 3.8 Million for the corresponding quarter of previous year, with an increase of 108%

4- Net profit for the six months 14.4 million Riyals compared to 10.4 million for the same period last year, with an increase of 38%

5 - Earnings per share during the first six months is SR 1.26 compared to SR 0.91 for the same period last year with an increase of 38%

6- Gross profit for the six months 23.2 million Riyals compared to 17.6 million for the same period last year, with an increase of 32%

7 - The operating profit during the six months 15.6 million Riyals compared to 10.9 million for the same period last year, with an increase of 43%

8 - The reason for increase in net profit for the second quarter of 2012 comparing to same quarter of 2011 is due to the increase of production and operations efficiency and decrease in cost of sales (raw materials)

9- The reason of increase in net profit for the six months of 2012 comparing to the same period of 2011 is due to increase in volume of sales and to the decrease in cost of sales (Raw materials) and to the improvement in production and operations efficiency..

10 Certain comparatives have been reclassified to conform with the current period presentation

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