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National Industrialization Co. — Earnings Release 2011
Feb 19, 2012
53291_rns_2012-02-19_fe46bf76-0471-4c96-8ef8-e917f163966f.html
Earnings Release
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National Industrialization Company (TASNEE) reports the Annual consolidated financial result for the Year ended December 31, 2011
2060 · 19/02/2012 16:02:11 · Announcement #24154 · View on Saudi Exchange
National Industrialization Company (TASNEE) reports the Annual consolidated financial result for the Year ended December 31, 2011
1. the net income for the year ended December 31, 2011 was SR 2441.4 Million, an increase of 65.8% compared to the last year SR 1472.6 Million
2. Earnings per share for the Year ended December 31, 2011 amounts to SR 4.38 compared to SR 2.64 for the last year, Earnings per share calculated for the fiscal year comparison based on the number of shares (557.4) million shares to show the impact of bonus shares, which was approved by the Extra-Ordinary General Assembly meeting on 4th April 2011.
3. The Gross income for the Year ended December 31, 2011 was SR 6991.7 Million, an increase of 54% compared to the last year SR 4539.5 Million.
4. Income from operations for the Year ended December 31, 2011 was SR 5407 Million, an increase of 72.2% compared to the same period last year SR 3140.2 Million.
5. the growth of net income for the year ended December 31, 2011 compared to the last year 2010 is due to increase of subsidiaries sales and improvement in prices. Some figures of income statement for 2010 have been reclassified.
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.