Sustained Infrastructure Holding Co. — Interim / Quarterly Report 2012

Apr 21, 2012

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 March 2012 (three months).

2190 · 21/04/2012 09:19:20 · Announcement #25437 · View on Saudi Exchange

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 March 2012 (three months).

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 March 2012 as follows:-

1.Net profit reached SR 6,483,545 compared to net loss of SR (785,705) in the first quarter of 2011, and compared to net loss of SR (567,569) in the Fourth quarter of 2011.

2.Gross profit reached SR 47,386,191 compared to SR 31,458,787 in the comparable quarter of 2011, with 51% increase.

3.Operating profit reached SR 17,056,700 compared to SR 9,479,257 in the comparable quarter of 2011, with 80% increase.

4.Net income per share reached 0.10 compared to net loss per share of SR (0.01) in the comparable period of 2011.

5.All the subsidiary companies contributed to this improvement in performance in first quarter of 2012 as compared to the previous quarter and corresponding quarter last year. and compared to the fourth quarter of 2011 year due to the year-end provision for the amount of 6 million approximately for various projects related to expenses.

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.