Takween Advanced Industries Co. — Earnings Release 2012

Oct 14, 2012

TAKWEEN ANNOUNCES THE INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2012 (NINE MONTHS)

1201 · 14/10/2012 15:59:55 · Announcement #27273 · View on Saudi Exchange

TAKWEEN ANNOUNCES THE INTERIM CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2012 (NINE MONTHS)

Takween announces the interim consolidated financial results for the period ended September 30, 2012 as follows:

1. The net income for third quarter amounted to SR 19M compared to SR 18.1M for the same quarter of prior year, representing an increase of 5% and compared to a net income for the prior quarter of SR 21.2M representing a decrease of 10%.

2. The gross profit for the third quarter amounted to SAR 33.4M compared to 33.4M for the same quarter of prior year.

3. The income from operations for the third quarter amounted to SR 22.3M compared to SR 22.1 M for the same quarter of prior year, representing an increase of 1%.

4. The net income for the nine months amounted to SR 53.5M compared to SR 53.3M for the same period of prior year, representing an increase of 0.4%.

5. The earning per share for the nine months period amounted to SR 1.78 compared to SR 1.78 for the same period of prior year.

6. The gross profit for the nine months amounted to SR 93.9M compared to SR 93.7M for the same period of prior year, representing an increase of 0.2%

7. The income from operations for the nine months amounted to SR 61.9M compared to 64.5M for the same period of prior year, representing a decrease of 4%.

8. The increase in the net income for the third quarter of this year compared to the last year is due to decrease in the general and administrative expenses and the finance charges.

9. Takween maintained its level of net income for the nine months of this year compared to the previous year despite the decrease in the operating income which is due to the change in the product mix Sale and contribution margin comparing to the previous year.

10. The decrease in the net income for the third quarter compared to the net income for the third quarter of this year is due to the seasonality of the business cycle.

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.