Saudi Industrial Export Co. — Earnings Release 2015

Feb 23, 2016

Saudi Industrial Export Co. announces the annual financial results of the period ending on 31-12-2015

4140 · 23/02/2016 15:49:31 · Announcement #41340 · View on Saudi Exchange

Saudi Industrial Export Co. announces the annual financial results of the period ending on 31-12-2015

Element	Current year	Previous year	% Change
Net profit (loss)	1.8	2.6	-30.77
Earning or loss per share, Riyals	0.16	0.24	-
Gross profit (loss)	7.3	7.5	-2.67
Operational profit (loss)	2.5	3	-16.67

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

Element	EXPLAINATION
Reasons of annual financial results	The reason for decrease is due to the decrease in profit margin for sales of food product in the local market, in addition to the non-sale of raw material for fertilizer manufacturing, also delay in shipment and sales of some products from Asian market to local market, in addition to the decrease in other income.

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