Saudi Energy Co. — Earnings Release 2013

Feb 25, 2014

Saudi Electricity Company announces the annual financial results for the period ending on 31-12-2013

5110 · 25/02/2014 08:33:28 · Announcement #33467 · View on Saudi Exchange

Saudi Electricity Company announces the annual financial results for the period ending on 31-12-2013

Element	Current year	Previous year	% Change
Net profit (loss)	3,036	2,561	18.55
Earning or loss per share, Riyals	0.73	0.61	-
Gross profit (loss)	2,549	3,608	-29.35
Operational profit (loss)	1,888	2,899	-34.87

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Period included non-recurring revenues as a result of the settlement of a dispute with Saudi Aramco reached 729 million in addition to the cost of a program to improve productivity in the comparative period.
Reclassifications in annual financial results	Reclassifications were made in comparative numbers to conform to the current period presentation

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