Filing and Packing Materials Manufacturing Co. — Earnings Release 2012

Jan 20, 2013

Filling and packing materials manufacturing company announce the annual financial results for the period ended 31/12/2012(twelve months)

2180 · 20/01/2013 17:21:15 · Announcement #28446 · View on Saudi Exchange

Filling and packing materials manufacturing company announce the annual financial results for the period ended 31/12/2012(twelve months)

Filling and packing materials manufacturing company announce the annual financial results for the period ended 31/12/2012:

1 - Net profit for the fourth quarter 5.4 million Riyals compared to 5.2 million for the same quarter of the previous year and an increase of 4% versus 5.3 million for the previous quarter and an increase of 2%

2 - The gross profit during the fourth quarter 10.1. Million Riyals compared to 9.5 million for the corresponding quarter of the previous year, an increase of 6%.

3 - The operating profit during the fourth quarter 6.3 Million Riyals compared to 5.7 million Riyals for the same period of the previous year, an increase of 10 %.

4 - Net profit for the twelve months 25.1 Million riyals compared to 15.7 million Riyals for the same period of the previous year and an increase of 60 %.

5 - Earnings per share during the twelve months SR 2.19 against SR 1.37 for the same period of the previous year.

6 - The gross profit during the twelve months 43 million Riyals compared to 32 million Riyals for the same period of the previous year and an increase of 34%.

7 - The operating profit during the twelve months 27.9 million SR compared to 18.5 million Riyals for the same period of the previous year, an increase 51%. 8- The reason for increase of net profit during the current quarter to same quarter of last year is due to increase in sales and improvement of selling prices for some profitability products.

9 -The increase in net profit for the current period comparing to the previous year period due to the decrease in cost of sales, especially raw materials and increased in production and operation efficiency, leading to lower cost of sales as well as the focus on high-profitability products.

10- the reason for increase net profit during the current quarter comparing to previous quarter of this year is due to the same reason above ( closed # 9) 11 - Some figures have been reclassified for comparison to conform to the presentation of financial statements for the current year.

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