Tabuk Cement Co. — Earnings Release 2011

Apr 17, 2011

Tabuk Cement company announces preliminary Financial Results as on 31/03/2011 (Three Months)

3090 · 17/04/2011 09:20:00 · Announcement #21294 · View on Saudi Exchange

Tabuk Cement company announces preliminary Financial Results as on 31/03/2011 (Three Months)

1. Net Profit for the First quarter is SAR (41.22) million, compared to SAR (34.02) million for the corresponding quarter of the previous year, increase of (21%), and SAR (23.79) million for the previous quarter with increase (73%).

2. Gross Profit for the First quarter is SAR (47.21) million, compared to SAR (38.17) million for the corresponding quarter of the previous year, increase of (24%).

3. Operating Profit for the First quarter is SAR (42.95) million, compared to SAR (34.70) million for the corresponding quarter of the previous year, a decrease of (24%).

4. Earnings per share during the 3 months is SAR (0.46), compared to SAR (0.38) for the same period of the previous year.

5. The reasons for the increase in net profit during the current quarter is due to increase of sales quantities during the period in relation to increase of local demand.

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