Saudi Ceramic Co. — Interim / Quarterly Report 2012

Jul 15, 2012

Saudi Ceramic Company announces its interim financial results for the period ended 30/06/2012 (six months).

2040 · 15/07/2012 09:08:06 · Announcement #26406 · View on Saudi Exchange

Saudi Ceramic Company announces its interim financial results for the period ended 30/06/2012 (six months).

Saudi Ceramic Company announces its interim financial results for the period ended 30/06/2012.

1-The net profit for the second quarter amounted to SAR 63.4 million compared to the same period last year of SAR 65.4 million, a decrease of 3.1% and compared to the previous quarter of SAR 62.6 million, an increase of 1.3%.

2-The gross profit for the second quarter amounted to SAR 121.6 million compared to the same period last year SAR 117.8 million, an increase of 3.2%.

3-The operating profit for the second quarter amounted to SAR 64.5 million compared to the same period last year of SAR 67.4 million a decrease of 4.3%.

4-The net profit for the six months amounted to SAR 126.0 million compared to SAR 125.3 million for the same period last year with an increase of 1.0%.

5-The earnings per share (EPS) for six months amounted to SAR 3.36 compared to same period last year SAR 3.34. 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 six months amounted to SAR 234.5 million compared to SAR 229.9 million for the same period last year with an increase of 2.0%.

7-The operating profit for the six months amounted to SAR 126.5 million compared to the same period last year of SAR 132.3 million a decrease of 4.4%.

8-The decrease in the results for the second quarter compared to the same period last year is due to the shortage of raw materials supply during that quarter due to the new regulations of Riyadh traffic control, the increase of transportation costs, and the increase of selling and marketing expenses. The improvement of the results compared with other periods is due to growth in the companies selling and production activities.

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