Saudi Ceramic Co. — Interim / Quarterly Report 2012

Jan 15, 2013

SAUDI CERAMIC COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 (TWELVE MONTHS).

2040 · 15/01/2013 16:13:01 · Announcement #28251 · View on Saudi Exchange

SAUDI CERAMIC COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 (TWELVE MONTHS).

Saudi Ceramic Company announces its interim financial results for the period ended 31/12/2012.

1-The net profit for the fourth quarter amounted to SAR 66.1 million compared to the same period last year of SAR 52.5 million, an increase of 25.9%, and compared to the previous quarter of SAR 55.5 million, an increase of 19.1%.

2-The gross profit for the fourth quarter amounted to SAR 131.8 million compared to the same period last year SAR 109.3 million, an increase of 20.6%.

3-The operating profit for the fourth quarter amounted to SAR 73.3 million compared to the same period last year of SAR 55.8 million an increase of 31.4%.

4-The net profit for the twelve months amounted to SAR 247.6 million compared to SAR 232.0 million for the same period last year with an increase of 6.7%.

5-The earnings per share (EPS) for twelve months amounted to SAR 6.60 compared to same period last 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.

6-The gross profit for the twelve months amounted to SAR 479.3 million compared to SAR 446.4 million for the same period last year with an increase of 7.4%.

7-The operating profit for the twelve months amounted to SAR 257.9 million compared to the same period last year of SAR 243.9 million an increase of 5.7%.

8-The increase in the results for the fourth quarter compared to the same period last year is due to the growth in the companies selling and production activities.

9- The increase in the results for the twelve months compared to the same period last year is due to the growth in the companies selling and production activities.

10- The increase in the results for the fourth quarter compared to the previous quarter is due to the growth in the companies selling and production activities.

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