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Saudi Ceramic Co. — Earnings Release 2013
Feb 18, 2013
53289_rns_2013-02-18_44e0d8f6-d571-4635-9b4f-9fd1079e16f2.html
Earnings Release
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Saudi Ceramic Company announces its audited financial results for the year ended 31December 2012.
2040 · 18/02/2013 17:45:27 · Announcement #28987 · View on Saudi Exchange
Saudi Ceramic Company announces its audited financial results for the year ended 31December 2012.
Saudi Ceramic Company announces its audited financial results for the year ended 31December 2012 as follows:
1- Net income amounted to SAR 248 million; an increase of 7% compared to previous year SAR 232 million.
2- Earnings per share (EPS) amounted to SAR 6.60 compared to previous year SAR 6.19. EPS was calculated based on the increase of paid up capital from SAR 250 million to SAR 375 million resulting from increase of number of shares from 25 million share to 37.5 million share as per the approval of General Assembly in its unusual meeting held on 9/4/2012.
3- Gross profit amounted to SAR 474 million; an increase of 8% compared to previous year SAR 440 million.
4- Operating profit amounted to SAR 258 million an increase of 6% compared to previous year SAR 244 million.
5- The reason for the positive results for the current year compared to last year is due to the growth in the companys production and sales activities as new plants started production, opening new markets inside KSA and abroad.
6-Some administrative expenses of the previous year are reclassified to be part of cost of goods sold
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.