Saudi Ceramic Co. — Earnings Release 2011

Apr 16, 2011

Saudi Ceramic Company announces its consolidated financial results for the period ended 31 March 2011(three months)

2040 · 16/04/2011 16:10:56 · Announcement #21278 · View on Saudi Exchange

Saudi Ceramic Company announces its consolidated financial results for the period ended 31 March 2011(three months)

Saudi Ceramic Company today announced its interim consolidated financial results for the period ended 31 March 2011.

1- Saudi Ceramics generated a consolidated net profit for the first quarter amounting to SAR60 million an increase of 3% compared to the same period last year (SAR 58 million) and an increase of 5% compared to the fourth quarter 2010 (SAR57million).

2-The total gross profit for the first quarter amounted to SAR 112 million an increase of 11% compared to the same period last year (SAR 101 million).

3-The net operating profit for the first quarter amounted to SAR 65 million an increase of 12% compared to the same period last year (SAR58 million).

4-The earnings per share (EPS) for three months were SAR 2.4 compared to SAR 2.34 for the prior year.

5-These positive results reflect the companys ability in sales and production as well.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.