Saudi Advanced Industries Co. — Earnings Release 2011

Feb 25, 2012

Saudi Advanced Industries Company (SAIC) announces the financial results for the year ending 31/12/2011:

2120 · 25/02/2012 09:15:41 · Announcement #24322 · View on Saudi Exchange

Saudi Advanced Industries Company (SAIC) announces the financial results for the year ending 31/12/2011:

Saudi Advanced Industries Company (SAIC) announces the financial results for the year ending 31/12/2011:

1. Realized Net Profit of SR 4,106,035 compared to net profits of SR 9,926,914 for the last year with reduction of 58.63%.

2. The profit per share was SR 0.10 compared to profit per share of SR 0.23 for the last year.

3. Realized Total Profit of SR 9,928,755 for compared to total profits of SR 13,293,484 for the last year with reduction of 25.31 %.

4. Realized Operating Profit of SR 5,770,553 compared to operating profit of SR 10,542,303 for the last year with reduction of 45.26%.

5. The reason for decrease of 2011 results is due to the increase in General & Administrative expenses and decrease in the earnings from investees. And the reason for decrease in the financial results of the year 2011 to the results of the 4th Quarter 2011 due to the reduction of NPS Bahrain earnings because of impairment test, SAIC share SR 5.69 millions.

6. Certain of the prior period figures have been re-classified to confirm with the current period's presentation.

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