Saudi Cement Co. — Earnings Release 2013

Apr 15, 2013

Saudi Cement Company announces Interim Financial Results for the period Ended 31/03/2013 (three Months)

3030 · 15/04/2013 09:08:52 · Announcement #30202 · View on Saudi Exchange

Saudi Cement Company announces Interim Financial Results for the period Ended 31/03/2013 (three Months)

Saudi Cement Company announces Interim Financial Results for the period ended 31/03/2013 (three months)

1- Net profit for the first quarter is SR 340.3 million compared to SR 325.6 million for the corresponding quarter of the previous year, an increase of 4.5 %, and compared to SR 277.7 million for the previous quarter, an increase of 22.5 %.

2- The gross profit for the first quarter is SR 374.1 million compared to SR 352.6 million for the corresponding quarter of previous year, an increase of6.1 %.

3- The operating profit for the first quarter is SR 350.6 million compared to SR 329.4 million for the corresponding quarter of previous year, an increase of 6.4 %.

4- Earnings per share for the three months are SR 2.22 compared to SR 2.13 for the corresponding period last year.

5- The rise in profits during the current quarter compared with the corresponding quarter of last year is attributed to rise in operating efficiency as result of increase in production during this quarter.

6- The rise in the current quarter compared with the previous quarter is attributed to increased local cement sales as a result of rise in local demand.

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