Saudi Cement Co. — Earnings Release 2010

Jan 17, 2011

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2010 (twelve Months)

3030 · 17/01/2011 16:35:42 · Announcement #19934 · View on Saudi Exchange

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2010 (twelve Months)

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2010 (twelve months)

1- Net profit for the fourth quarter is SR 152 million compared to SR 145.5 million for the corresponding quarter of the previous year, an increase of 4.5 %, and compared to SR 140.3 for the previous quarter, a increase of 8.3 %.

2- The gross profit for the fourth quarter is SR 179.1 million compared to SR 175.4 million for the corresponding quarter of previous year, an increase of 2.1 %.

3- The operating profit for the fourth quarter is SR 157.7 compared to SR 155.2 for the corresponding quarter of previous year, an increase of 1.6 %.

4- Net profit for the twelve months is SR 659.5 million compared to SR 582.4 million for the corresponding period last year, an increase of 13.2 %.

5- Earnings per share for the twelve months are SR 4.31 compared to SR 3.81 for the corresponding period last year. Earnings per share have been calculated on the basis of the new number of shares after the increase in share capital.

6- The gross profit for twelve months is SR 768.9 million compared to SR 679.5 million for the corresponding period last year, an increase of 13.2 %.

7- The operating profit for twelve months is SR 681.4 million compared to SR 597.6 million for the corresponding period last year, an increase of 14 %.

8-The reasons for the increase of the profits for the fourth quarter and twelve months in comparison with corresponding periods of previous year and in comparison with previous quarter 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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