Saudi Industrial Export Co. — Earnings Release 2011

Feb 18, 2012

SAUDI INDUSTRIAL EXPORT COMPANY ANNOUNCES ITS ANNUAL FINANCIAL RESULTS ENDING AT 31/12/2011

4140 · 18/02/2012 08:19:12 · Announcement #24113 · View on Saudi Exchange

SAUDI INDUSTRIAL EXPORT COMPANY ANNOUNCES ITS ANNUAL FINANCIAL RESULTS ENDING AT 31/12/2011

1- The company's net profit is SR 9.2 million compared to profit SR 3.0 million for last year with an increase of 206.7% .

2- The earnings per share is SR 0.86 compared to earning SR 0.28 For last year with an increase of 207% .

3- The company's gross profit is SR 13.5 million compared to SR 8.8 million profit for last year with an increase of 53.4% .

4- The company's operating profit is SR 8.8 million compared to profit SR 2.8 million for last year with an increase of 214.3% .

5- The increase in sales and profit during 2011 is due to increase in Sales volume and profit margin, for the raw material for fertilizer manufacturing to Chinese market, especially in the 1st half of 2011.

In addition to the increase in other income which is due to transfer of shipping provision to other income .

Some of the last Year comparative figures were reclassified so that they can match ones of the current period.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.