Saudi Cement Co. — Earnings Release 2012

Jan 16, 2012

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2011 (twelve Months)

3030 · 16/01/2012 16:02:13 · Announcement #23633 · View on Saudi Exchange

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2011 (twelve Months)

Saudi Cement Company announces Interim Financial Results for the period ended 31/12/2011 (twelve months)

1- Net profit for the fourth quarter is SR 212.3 million compared to SR 152 million for the corresponding quarter of the previous year, an increase of 39.7 %, and compared to SR 195.3 for the previous quarter, a increase of 8.7 %.

2- The gross profit for the fourth quarter is SR 239.7 million compared to SR 179.1 million for the corresponding quarter of previous year, an increase of 33.8 %.

3- The operating profit for the fourth quarter is SR 220 compared to SR 157.7 for the corresponding quarter of previous year, an increase of 39.5 %.

4- Net profit for the twelve months is SR 832.2 million compared to SR 659.5 million for the corresponding period last year, an increase of 26.2 %.

5- Earnings per share for the twelve months are SR 5.44 compared to SR 4.31 for the corresponding period last year.

6- The gross profit for twelve months is SR 951 million compared to SR 768.9 million for the corresponding period last year, an increase of 23.7 %.

7- The operating profit for twelve months is SR 865.1 million compared to SR 681.4 million for the corresponding period last year, an increase of 27 %.

8-The reasons for the increase of the profits for the fourth quarter and twelve months in comparison with corresponding periods of previous year is attributable to increased production efficiency from relying on new production lines that have achieved more stable operating efficiency, and growth in local demand.. The increase in profit for fourth quarter in comparison with previous quarter is due to seasonal rise in local demand during the last quarter of the year following end of the summer & the holy month of Ramadan.

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