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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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Saudi Industrial Development Fund (SIDF) approved 144 loans worth SR6.68 billion, with an increase of 6 percent over the loans of 2012, local media said quoting a senior SIDF official.
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Net profit of Saudi Industrial Development Company (SIDC) during the 4th Q 2013 amounted to SAR 7 million versus SAR 4 million for the same quarter of last year with an increase of 75 %, compared to
Gulfbase.com
22/01/2013
Saudi Industrial Development Company (SIDC) announces interim consolidated financial results for the period ended 31/12/2012 (TWELVE MONTHS).
1-Net profit during the fourth quarter is (4.4)
Tadawul
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