National Gypsum Company announces interim financial results

16/04/2013 09:30 AST

National Gypsum Company announces interim financial results for the period ended March 31, 2013:

1.The net income for first quarter amounted to SR 6.43 million compared to SR 9.39 million for the same quarter of prior year, representing an decrease of 31.52% and compared to a net income for the prior quarter decrease of SR 0.57 million.

2.The gross profit for the first quarter amounted to SAR 8.44 million compared to 8.98 million for the same quarter of prior year, representing a decrease of 6%.

3.The income from operation for the first quarter amounted to SR 6.19 million compared to SR 6.79 million for the same quarter of prior year, representing a decrease of 8.84%.

4.The earning per share for the three months period amounted to SR 0.20 compared to SR 0.30 for the same period of prior year.

5.The reason for decrease in Net Income of the first quarter and Income from operation for the three months due to increased competition.

6. The reason for improve of the first quarter compared to the previous quarter due to increased sales compared to fourth quarter.


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