Saudi Arabia Refineries Co. — Earnings Release 2014

Feb 24, 2015

Saudi Arabia Refineries Co. announces the annual financial results for the period ending on 31-12-2014

2030 · 24/02/2015 08:33:23 · Announcement #37299 · View on Saudi Exchange

Saudi Arabia Refineries Co. announces the annual financial results for the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	20,926,323	15,786,036	32.56
Earning or loss per share, Riyals	1.4	1.05	-
Gross profit (loss)	24,605,867	19,773,396	24.44
Operational profit (loss)	21,934,957	16,806,942	30.51

*All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	The reason of the increase in the profit during the current period comparing with the same period of last year is due to the increase of the companys share in the profit of affiliated company ( Arab Tanks terminals) and the decrease in some items of G&A expenses
Reclassifications in annual financial results	Certain comparatives have been adjusted to agree to the current period presentation.

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