Saudi Arabian Mining Co. — Earnings Release 2014

Apr 14, 2014

Saudi Arabian Mining Company announces the interim financial results for the period ending on 31-03-2014 (Three Months)

1211 · 14/04/2014 16:08:16 · Announcement #34113 · View on Saudi Exchange

Saudi Arabian Mining Company announces the interim financial results for the period ending on 31-03-2014 (Three Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	125,183,648	239,193,555	-	-	-
Gross profit (loss)	396,250,438	560,613,491	-	360,682,400	9.86
Operational profit (loss)	192,032,998	382,231,443	-	111,789,360	71.78
Earning or loss per share, Riyals	0.14	0.26	-	-	-
All figures are in Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Decrease in prices of Gold, Aluminum, DAP and Ammonia despite higher quantities sold of Gold, Aluminum and DAP
Reasons of increase (decrease) for quarter compared with previous quarter	Increase in prices of Gold, DAP and Ammonia as well as higher quantities sold of Aluminum and DAP, and decrease in General and Administrative expenses
Reclassifications in quarterly financial results	Certain comparative figures of the previous quarter have been reclassified, wherever necessary, to make it consistent with the current quarter presentation. This change has no financial impact on Net Assets or Net Income of the Group for the previous quarter.

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