Saudi Cement Co. — Interim / Quarterly Report 2012

Jul 14, 2012

SAUDI CEMENT COMPANY ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/06/2012 (SIX MONTHS)

3030 · 14/07/2012 15:52:16 · Announcement #26403 · View on Saudi Exchange

SAUDI CEMENT COMPANY ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/06/2012 (SIX MONTHS)

Saudi Cement Company announces Interim Financial Results for the period ended 30/06/2012 (six months)

1- Net profit for the second quarter is SR 290.2 million compared to SR 213.8 million for the corresponding quarter of the previous year, an increase of 35.7 %, and compared to SR 325.6 for the previous quarter, a decrease of 10.9 %.

2- The gross profit for the second quarter is SR 316.2 million compared to SR 243.4 million for the corresponding quarter of previous year, an increase of 29.9%.

3- The operating profit for the second third quarter is SR 294.1 compared to SR 222.6 for the corresponding quarter of previous year, an increase of 32.1 %.

4- Net profit for the six months is SR 615.8 million compared to SR 424.6 million for the corresponding period last year, an increase of 45 %.

5- Earnings per share for the six months are SR 4.02 compared to SR 2.78 for the corresponding period last year.

6- The gross profit for six months is SR 668.8 million compared to SR 487.1 million for the corresponding period last year, an increase of 37.3 %.

7- The operating profit for six months is SR 623.4 million compared to SR 440.5 million for the corresponding period last year, an increase of 41.5 %.

8-The reason for the increase in net profits for the second quarter and six months in comparison with corresponding periods of previous year is rising local demand for cement and clinker. The decrease in second quarter net profits in comparison with the previous quarter is due to decline in sales.

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