MAADANIYAH Announces Financial Results For The Year Ended 31 Dec 2011

14/02/2012 15:08 AST

1-Net Profit for the year 2011 is SAR 3.19 million compared to SAR 16.71 million for last year, a decrease of 81%.

2-Earning per share (EPS) for the year 2011 is SAR 0.12 compared to SAR 0.65 for last year.

3-Gross Profit for the year 2011 is SAR 34.12 million compared to SAR 43.99 million for last year, a decrease of 22%.

4-Operating Profit for the year 2011 is SAR 8.45 million compared to SAR 21.64 million for last year, a decrease of 61%.

5-The main reason for the decrease in Net Profit during 2011 compared to last year is due to increase in cost of raw material in addition to the expenses incurred in the studies for investment opportunities.


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