Sustained Infrastructure Holding Co. — Interim / Quarterly Report 2012

Jul 16, 2012

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 30 June 2012 (Six Months).

2190 · 16/07/2012 16:56:21 · Announcement #26436 · View on Saudi Exchange

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 30 June 2012 (Six Months).

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 30 June 2012 as follows:-

1.Net profit in the second quarter reached SR 10,967,460 compared to net profit of SR 5,349,298 in the comparable quarter of 2011 with 105% increase, and compared to net profit of SR 6,483,545 in the first quarter of 2011 with 69% increase.

2.Gross profit in the second quarter reached SR 51,842,696 compared to SR 39,309,856 in the comparable quarter of 2011, with 32% increase.

3.Operating profit in the second quarter reached SR 28,580,698 compared to SR 17,564,131 in the comparable quarter of 2011, with 63% increase.

4.Net profit for the six months ended 30/06/2012 reached SR 17,451,005 compared to net profit SR 4,563,593 for the same period of 2011 with 282% increase .

5.Net profit per share for the six months ended 30/06/2012 reached 0.26 compared to net profit per share of SR 0.07 in the comparable period of 2011.

6.Gross profit for the six months ended 30/06/2012 reached SR 99,228,887 compared to Gross profit of SR 70,768,643 in the comparable period of 2011, with 40% increase .

7.Operating profit for the six months ended 30/06/2012 reached SR 45,637,398 compared to operating profit of SR 27,043,388 in the comparable period of 2011, with 68% increase.

8.Net profit for the second quarter, and the six months ended 30 June 2012 compared to the similar periods of last year and compared to first quarter of 2012 increased due to the improvement in operating results of the subsidiaries.

9.Certain of prior period amounts have been reclassified to conform with the presentation in 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.