National Industrialization Co. — Earnings Release 2012

Feb 23, 2013

NATIONAL INDUSTRIALIZATION COMPANY (TASNEE) REPORTS THE ANNUAL CONSOLIDATED FINANCIAL RESULT FOR THE YEAR ENDED DECEMBER 31, 2012

2060 · 23/02/2013 18:08:08 · Announcement #29127 · View on Saudi Exchange

NATIONAL INDUSTRIALIZATION COMPANY (TASNEE) REPORTS THE ANNUAL CONSOLIDATED FINANCIAL RESULT FOR THE YEAR ENDED DECEMBER 31, 2012

1. the net income for the year ended December 31, 2012 was SR 1,763.8 Million, a decrease of 27.8% compared to the last year SR 2,441.4 Million

2. Earnings per share for the Year ended December 31, 2012 amounts to SR 2.64 compared to SR 3.65 for the last year, Earnings per share calculated for the fiscal year comparison based on the number of shares (668.9) million shares to show the impact of bonus shares, which was approved by the Extra-Ordinary General Assembly meeting on 4th April 2012.

3. The Gross income for the Year ended December 31, 2012 was SR 5,568.8 Million, a decrease of 20.4% compared to the last year SR 6,991.7 Million.

4. Income from operations for the Year ended December 31, 2012 was SR 4,110.7 Million, a decrease of 24% compared to the same period last year SR 5,407 Million.

5. The reasons for the decrease of profits for the Year ended December 31, 2012 compared to the last year 2011 is mainly due to decrease in Sales quantity of Titanium Dioxide sector as a result of low international demand, despite the average prices increases during 2012, in addition to decrease of profit margins in petrochemical sector due to decrease in selling prices despite the sales quantity increase.

6. Some figures of income statement for 2011 have been reclassified.

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