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Kingdom Holding Co. — Earnings Release 2012
Feb 20, 2013
53428_rns_2013-02-20_76fd95f6-f3a1-4840-8f87-62d42afa0156.html
Earnings Release
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Kingdom Holding Company announces the annual consolidated financial results for the period ended 31/12/2012
4280 · 20/02/2013 17:30:35 · Announcement #29065 · View on Saudi Exchange
Kingdom Holding Company announces the annual consolidated financial results for the period ended 31/12/2012
Kingdom Holding Company announces the annual consolidated financial results for the period ended 31/12/2012:
1.Net income amounts to SR 707.1 million compared to the net income of SR 639.6 million for the previous year, an increase of 10.6%.
2.Earnings per share amounted to SR 0.19 compared to SR 0.17 for the previous year. Note that the earnings per share computation for the two periods were made by dividing the number of current weighted average of outstanding shares by 3,706 million shares.
3.Gross profit was SR 1,170 million, compared to SR 1,133 million for the previous year, an increase of 3.27%.
4.Income from operations was SR 1,136 million, compared to SR 1,087 million for the previous year, an increase of 4.51%.
5.The increase in net income for the current period compared to the same period last year is due to increase in income from real estate investments, gain on sale of certain hotels, increase in dividends income and decrease in general & administrative expenses.
6.Comparative figures of the same period last year were reclassified to be consistent with current figures.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.