Saudi Cement Co. — Earnings Release 2011

Feb 8, 2012

SAUDI CEMENT COMPANY ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011

3030 · 08/02/2012 15:47:44 · Announcement #24040 · View on Saudi Exchange

SAUDI CEMENT COMPANY ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011

Saudi cement company announces its financial results for the year ended 31 December 2011 as follows:

1-Net profit is SAR 831.2 million compared to SAR 659.5 million for the previous year with an increase of %26

2-Earnings per share are SAR 5.43 compared to SAR 4.31 for the previous year.

3-Gross profit is SAR 951 million compared to SAR 768.9 million for the previous year with an increase of % 23.7

4-Operating profit is SAR 865.1 million compared to SAR 681.4 million for the previous year with an increase of %27

5-The main reasons 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 an increase in local demand.

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