Sustained Infrastructure Holding Co. — Earnings Release 2014

Feb 23, 2015

Saudi Industrial Services Co. announces the annual financial results for the period ending on 31-12-2014

2190 · 23/02/2015 16:15:42 · Announcement #37274 · View on Saudi Exchange

Saudi Industrial Services Co. announces the annual financial results for the period ending on 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	78,077	56,039	39.33
Earning or loss per share, Riyals	1.15	0.82	-
Gross profit (loss)	286,718	259,624	10.44
Operational profit (loss)	160,260	143,390	11.77

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

Element	EXPLAINATION
Reasons of annual financial results	All subsidiaries and associated companies contributed to the improvement. In additions compensation of SAR 5.7 million was received for old claims .further last year the operations of water business had stopped for approximately 50 days due to fire in the neighboring sugar factory..
Reclassifications in annual financial results	Certain comparative figures have been regrouped/reclassified to conform to the presentation in the current period. Furthermore, the comparative interim consolidated statement of income has been re-presented as if an operation that was discontinued during the current year had been discontinued from the beginning of the comparative year

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