Takween Advanced Industries Co. — Earnings Release 2012

Feb 17, 2013

TAKWEEN ANNOUNCES ITS ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC. 2012

1201 · 17/02/2013 15:45:28 · Announcement #28942 · View on Saudi Exchange

TAKWEEN ANNOUNCES ITS ANNUAL CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC. 2012

Takween announces annual consolidated financial results for the period ended December 31, 2012 as follows:

1.The net income was SR 75.3 M compared to SR 76.2 M for the previous year, representing a decrease of 1.2 %.

2. The earnings per share were SR 2.51 compared to SR 2.54 for the previous year.

3. The gross profit was SR 122.7 M compared to SR 128.9 M for the previous year, representing a decrease of 4.8%.

4. The income from operations was SR 84.8 M compared to SR 89.6 M for the previous year, representing a decrease of 5.4%.

5. The reason for the slight decrease in net income for the year ended 31/12/2012 compared to previous year is due to temporarily sales slowdown in few markets and increase in raw material cost. However, the net effect on the net income was a drop of 1.2% only due to decrease in general & administration expenses and finance charges.

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.