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National Industrialization Co. — Earnings Release 2014
Feb 24, 2015
53291_rns_2015-02-24_01bddb11-fc9f-4076-afad-bdbb3bceed4d.html
Earnings Release
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National Industrialization Co announces the annual consolidated financial results for the year ended on 31-12-2014
2060 · 24/02/2015 15:48:52 · Announcement #37313 · View on Saudi Exchange
National Industrialization Co announces the annual consolidated financial results for the year ended on 31-12-2014
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 1,070.5 | 1,177.4 | -9.08 |
| Earning or loss per share, Riyals | 1.6 | 1.76 | - |
| Gross profit (loss) | 4,612.5 | 4,837.3 | -4.65 |
| Operational profit (loss) | 2,789.1 | 3,109.8 | -10.31 |
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | were due to decrease of the profit margin in the titaninum dioxide sector, in addition to the decrease of sales and prices of the Acrylic Acid Complex products and all depreciation and financing cost were recognized in the second half of this year due to the Complex commercial start up which impacted the company's results. further more, the change in the euro rate had a negative impact on one of affiliates. |
| Reclassifications in annual financial results | some corresponding figures for the last year have been reclassified to be aligned with the presentation of the current year. |
| Other notes | The decrease in the annual result for the company compare to the interim result were due to the change in the euro rate which had a negative impact on one of affiliates. |
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.