Saudi Ceramic Co. — Interim / Quarterly Report 2011

Jul 12, 2011

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

2040 · 12/07/2011 17:41:42 · Announcement #22210 · View on Saudi Exchange

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

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

1- Saudi Ceramics generated a consolidated net profit for the second quarter amounting to SAR65.4 million an increase of 13% compared to the same period last year (SAR 57.9 million) and an increase of 9% compared to the first quarter 2011 (SAR59.9million).

2-The total gross profit for the second quarter amounted to SAR 117.8 million an increase of 19% compared to the same period last year (SAR 99 million).

3- The operating profit for the second quarter amounted to SAR 67.4 million an increase of 16% compared to the same period last year (SAR 58.3 million).

4- The net profit for the first six months amounted to SAR 125.3 million an increase of 8% compared to the same period last year (SAR 116.2 million).

5-The earnings per share (EPS) for the six months were SAR 5.01 compared to SAR 4.65 for the prior year.

6- The total gross profit for the first six months amounted to SAR 229.9 million an increase of 15% compared to the same period last year (SAR 199.7 million).

7- The operating profit for the first six months amounted to SAR 132.3 million an increase of 14% compared to the same period last year (SAR 116.4 million).

8-These positive results of the second quarter of 2011 compared with the same period of the last year reflect the companys ability in sales and production as well..

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