Yanbu Cement Co. — Earnings Release 2012

YANBU CENENT COMPANY ANNOUNSES ESTIMATED CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 30/06/2012 (SIX MONTHS)

3060 · 07/07/2012 09:06:55 · Announcement #26330 · View on Saudi Exchange

YANBU CENENT COMPANY ANNOUNSES ESTIMATED CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 30/06/2012 (SIX MONTHS)

YANBU CENENT COMPANY ANNOUNSES ESTIMATED CONSOLIDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 30/06/2012 (SIX MONTHS)

1.Yanbu Cement Company posted a net profit of 216 Million riyals for the second quarter of 2012 compared to 150 Million riyals for the same Period of previous year which showing an increase of 44% against posted 145 Million riyals for the previous quarter which showing a increase of 48.97% .

2.The gross profit during the second quarter is 235 Million riyals compared to 159 Million riyals for the corresponding quarter of the previous year , an increase of 47.80% .

3.The operating profit during the second quarter is 226 Million riyals compared to 150 Million riyals of the previous year , an increase of 50.67% .

4.The net profit during the six months 360 Million riyals compared to 251 Million riyals of the previous year, an increase of 43.43% .

5.Earnings per share for the six months is SAR 3.43 compared to SAR 2.39 of the previous year .

6.The gross profit for the six months is 393 Million riyals compared to 269 Million riyals of the previous year , an increase of 46.10%.

7.The operation profit for six months 376 Million riyals compared to 254 Million riyals of the previous year, an increase of 48. 03% .

8.The reason of increase in net profit in the compared period from the previous year and the previous quarter for the current year due to increase in Production & sales quantity, due to new line operation & increase in cement demand .

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