Saudi Ceramic Co. — Interim / Quarterly Report 2011

Oct 12, 2011

ٍٍSaudi Ceramic Company announces its interim consolidated financial results for the period ended 30 September 2011(Nine months)

2040 · 12/10/2011 17:34:49 · Announcement #22837 · View on Saudi Exchange

ٍٍSaudi Ceramic Company announces its interim consolidated financial results for the period ended 30 September 2011(Nine months)

Saudi Ceramic Company today announced its interim consolidated financial results for the period ended 30 September 2011.

1- Saudi Ceramics generated a consolidated net profit for the third quarter amounting to SAR54.2 million an increase of 17.3% compared to the same period last year (SAR 46.2 million) and a decrease of 17.1% compared to the second quarter 2011 (SAR65.4 million).

2-The total gross profit for the third quarter amounted to SAR 107.5 million an increase of 19.2 % compared to the same period last year (SAR 90.2 million).

3- The operating profit for the third quarter amounted to SAR 55.7 million an increase of 15% compared to the same period last year (SAR 48.4 million).

4- The net profit for the first nine months amounted to SAR 179.5 million an increase of 10% compared to the same period last year (SAR 162.5 million).

5-The earnings per share (EPS) for the nine months were SAR 7.18 compared to SAR 6.5 for the prior year.

6- The total gross profit for the first nine months amounted to SAR 337.4 million an increase of 16% compared to the same period last year (SAR 290.0 million).

7- The operating profit for the first nine months amounted to SAR 188 million an increase of 14% compared to the same period last year (SAR 164.8 million).

8- These positive results and increases of the third quarter of 2011 compared with the same period of the last year reflect the companys ability in sales and production as well since the new factories started the production ,and new local and foreign markets were opened.

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