Saudi Ceramic Co. — Interim / Quarterly Report 2012

Oct 15, 2012

SAUDI CERAMIC COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/09/2012 (NINE MONTHS).

2040 · 15/10/2012 17:28:33 · Announcement #27298 · View on Saudi Exchange

SAUDI CERAMIC COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/09/2012 (NINE MONTHS).

Saudi Ceramic Company announces its interim financial results for the period ended 30/09/2012.

1-The net profit for the third quarter amounted to SAR 55.5 million compared to the same period last year of SAR 54.2 million, an increase of 2.4%, and compared to the previous quarter of SAR 63.4 million, an decrease of 12.5%.

2-The gross profit for the third quarter amounted to SAR 112.9 million compared to the same period last year SAR 107.5 million, an increase of 5.0%.

3-The operating profit for the third quarter amounted to SAR 58.0 million compared to the same period last year of SAR 55.7 million a decrease of 4.1%.

4-The net profit for the nine months amounted to SAR 181.50 million compared to SAR 179.5 million for the same period last year with an increase of 1.1%.

5-The earnings per share (EPS) for nine months amounted to SAR 4.84 compared to same period last year SAR 4.79. 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.

6-The gross profit for the nine months amounted to SAR 347.4 million compared to SAR 337.4 million for the same period last year with an increase of 3.0%.

7-The operating profit for the nine months amounted to SAR 184.6 million compared to the same period last year of SAR 188.0 million a decrease of 1.8%.

8-The increase in the results for the third quarter compared to the same period last year is due to the. The improvement of the results compared with other periods is due to growth in the companies selling and production activities as new production facilities started production and new markets were opened locally and abroad. The decrease of results for third quarter compared to prior quarter is due to slower sales because of the holy month of Ramadan and the Eid holiday.

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