Al Abdullatif announces the Consolidated financial results

19/02/2013 14:14 AST

Al Abdullatif Industrial Investment Company (Al Abdullatif ) announces the Consolidated financial results for the Year ended in 31/12/2012 as follows:

1-Net profit for the year amounted to SAR 263,679 compared with SAR 155,980 for last year, with increase of 69.05 %.

2-Earnings per share improved to SAR 3.25 compared to SAR 1.92 for the last year.

3-Gross profit for the year reached SAR 352,642 compared to the gross profit of SAR 277,691 for the previous year, with increase of 54.88 %.

4-Operating income for the year reached SAR 284,813 compared to SAR 168,745 for the previous year, with increase of 68.78 %.

5- The profit for the year 2012, compared to the year 2011 been gone up mainly due to increase in local and export sales, better returns on sales through export, input cost conservation and reduction in Depreciation expenses on machines after re-estimating the useful life of the assets.

6- The comparative figures for the year 2011, in the financial statements of the company have been included based on the audited financial statements of the year 2011.


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