Saudi Arabian Mining Co. — Earnings Release 2012

Jan 20, 2013

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31/12/2012 (TWELVE MONTHS)

1211 · 20/01/2013 16:47:57 · Announcement #28447 · View on Saudi Exchange

SAUDI ARABIAN MINING COMPANY (MAADEN) ANNOUNCES THE ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31/12/2012 (TWELVE MONTHS)

1. The Net Income attributed to the shareholders of the parent company, for the fourth quarter ended 31 December 2012 amounted to SAR 406 million, compared to the Net Income of SAR 280 million for the same quarter of 2011 representing an increase of 45% and compared to Net Income of SAR 311 million for the third quarter 2012 representing an increase of 31%.

2. The Gross Profit for the fourth quarter ended 31 December 2012 amounted to SAR 1,255 million, compared to the gross profit of SAR 592 million for the same quarter of 2011 representing an increase of 112% .

3. The Operating Income for the fourth quarter ended 31 December 2012 amounted to SAR 721 million, compared to the Operating Income of SAR 489 million for the same quarter of 2011 representing an increase of 47%.

4. The Net Income attributed to the shareholders of the parent company for the twelve months ended 31 December 2012 amounted to SAR 1,091 million, compared to the Net Income of SAR 413 million for the same period of 2011 representing an increase of 164%.

5. The basic and diluted earnings per ordinary share (EPS) for the twelve months ended 31 December 2012 amounted to SAR 1.18 per share compared to the earning per ordinary share of SAR 0.45 for the same period of 2011.

6. The Gross Profit for the twelve months ended 31 December 2012 amounted to SAR 2,594 million, compared to the Gross Profit of SAR 1,001 million for the same period of 2011 representing an increase of 159%.

7. The Operating Income for the twelve months ended 31 December 2012 amounted to SAR 1,761 million, compared to the Operating Income of SAR 582 million for the same period of 2011 representing an increase of 203%.

8. The increase in the Net Income for the fourth quarter compared to the same period of 2011 is attributed to the beginning of commercial production of Ammonia and DAP.

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