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Saudi Industrial Export Co. — Earnings Release 2014
Feb 18, 2015
53393_rns_2015-02-18_71704740-0950-47b0-b556-5ca2ca225d77.html
Earnings Release
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Saudi Industrial Export Co announces the annual financial results of the period ending on 31-12-2014
4140 · 18/02/2015 16:07:23 · Announcement #37179 · View on Saudi Exchange
Saudi Industrial Export Co announces the annual financial results of the period ending on 31-12-2014
| Element | Current year | Previous year | % Change |
|---|---|---|---|
| Net profit (loss) | 2.6 | 6.5 | -60 |
| Earning or loss per share, Riyals | 0.24 | 0.6 | - |
| Gross profit (loss) | 7.5 | 12.8 | -41.41 |
| Operational profit (loss) | 3 | 7.6 | -60.53 |
*All figures are in (Millions) Saudi Arabia, Riyals
| Element | EXPLAINATION |
|---|---|
| Reasons of annual financial results | The reasons for the decrease is due to the decrease in sales and profit of raw material for fertilizer manufacturing for Asian market in addition to the decrease of exports to African markets and decrease in profit margin for sales of food products in the local market which is due to big local competition, despite increase in sales as result of increase in sales and marketing of food products in the local market and despite the increase in other income. |
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