The Saudi Chemical Company Announces its Estimated Financial Results

14/01/2013 08:29 AST

The Saudi Chemical Company announces its estimated Financial results for the period ended 31/12/2012

1-The estimated net profit for the (fourth) quarter reached SR 65.77 million compared to SR 58.44 million for the same quarter of the previous year, an increase of 12.54%. Against SR 50.70 million for the last quarter, representing an increase of 29.72%

2-The estimated gross profit for the (fourth) quarter reached SR 73.74 million compared to SR 105.82 million for the same quarter of the previous year, (a decrease) of 30.31%.

3-The estimated operating profit for the (fourth) quarter reached SR 71.26 million compared to SR 69.14 million for the same quarter of the previous year, an increase of 3.06%.

4-The estimated net profit during the (twelve months) reached SR 291.27 million against SR 267.40 million for the same period of the previous year, an increase of 8.92%.

5-The earnings per share (EPS) for the (twelve months) amounted to SR 4.61 against SR 4.23 for the same period of the previous year.

6-The estimated gross profit during the (twelve months) reached SR 427.99 million against SR 433.41 million for the same period of the previous year, (a decrease) of 1.25%.

7-The estimated operating profit during the (twelve months) reached SR 321.69 million against SR 299.48 million for the same period of the previous year, an increase of 7.41%.

8-The reason behind the rise in net profit for the (fourth) quarter compare to the same quarter of the previous year was due to the increase in the consolidated sales by 3% , and the reason behind the (decrease) in gross profit for the (fourth) quarter compared to the same quarter of the previous year was due to the increase in the some items of raw materials , and the reason behind the increase in the operating profit compared to the same quarter of the previous year was due to the decrease in the some of general and administrative expenses.

9-The reason behind the increase in net profit for the (twelve months) period compared to the same period of the previous year was due to the increase in the consolidated sales by 7%.

10-The reason behind the increase in the net profit for the (forth) quarter compared to the previous quarter was due to the increase in the consolidated sales by 91%

11-These results are estimated and the final results will be announced after the audit is finished by the external auditor.

Tadawul