Saudi Cement Co. — Earnings Release 2010

Feb 19, 2011

SAUDI CEMENT COMPANY ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDING 31 DECEMBER 2010

3030 · 19/02/2011 08:58:02 · Announcement #20357 · View on Saudi Exchange

SAUDI CEMENT COMPANY ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDING 31 DECEMBER 2010

Saudi cement company announces its financial results for the year ended 31 December 2010 as follows:

1-Net profit is SAR 659.5 million compared to SAR 582.4 million for the previous year with an increase of %13.2

2-Earnings per share are SAR 4.31 compared to SAR 3.81 for the previous year. Earnings per share have been calculated on basis of the new number of shares after the increase in share capital.

3-Gross profit is SAR 768.9 million compared to SAR 679.5 million for the previous year with an increase of %13.2

4-Operating profit is SAR 681.4 million compared to SAR 597.6 million for the previous year with an increase of %14

5-The main reason for the increase in profit in comparison with previous year are increased production efficiency from relying on new production lines that have achieved more stable operating efficiency and growth in local demand.

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