1.Net profit during this period was (33.2) million riyals compared to net profit of (24.6) m">

SIDC announces annual financial results

25/02/2013 10:27 AST

Saudi Industrial Development Company "SIDC" announces annual financial results ended 31/12/2012.

1.Net profit during this period was (33.2) million riyals compared to net profit of (24.6) million riyals for the corresponding period of previous year an increase of 35%.

2.Earnings per share amounted to (0.83) riyals compared to earnings per share of (0.62) riyals for the previous year.

3.Gross profit of (94.7) million riyals compared to gross profit of (78.5) million riyals for the previous year, an increase of 21%.

4.Net operating profit of (36.4) million riyals compared to net operating profit of (26.2) million riyals for the previous year, an increase of 39%.

5.The reason for increase in net profit for the fiscal year 2012, compared to the previous year was due to increase in sales volume & lower production costs.

6.The financial statements have been modified for the same periods of the previous year for comparison purpose.


Tadawul

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Tadawul

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