Qassim Cement Co. — Earnings Release 2011

Feb 14, 2012

Qassim Cement Company announces its annual consolidated financial results for the year ended 31 December 2011.

3040 · 14/02/2012 08:57:58 · Announcement #24086 · View on Saudi Exchange

Qassim Cement Company announces its annual consolidated financial results for the year ended 31 December 2011.

1.The annual consolidated net profit was posted at SAR 552,900,137 compared to SAR 500,559,824 for the previous year showing an increase of 10.46%.

2.The Earnings per share (EPS) of the annual consolidated net profit is SAR 6.14 against SAR 5.56 for the previous year showing an increase of 10.43%.

3.The annual consolidated gross profit was posted at SAR 609,247,967 compared to SAR 556,760,407 last year showing an increase of 9.43%.

4.The annual consolidated operating profit was posted at 571,757,280 compared to SAR 518,609,523 for the previous year showing an increase of 10.25%.

5.The reason for the increase in the annual consolidated net profit for 2011 over previous year was due to the rise in sales revenue and improved operating performance of the subsidiary company.

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