Maadaniyah announces Financial Results for the Year Ended 31 December

20/02/2013 08:25 AST

National Metal Manufacturing & Casting Company (Maadaniyah) announces its financial results for the year ended 31 December 2012 as follows:

1-Net Profit for the year 2012 is SAR 5.88 million compared to SAR 3.19 million for last year, an increase of 84%.

2-Earning per share (EPS) for the year 2012 is 0.21 compared to SAR 0.11 for last year (Earning per share for last year was recalculated to reflect the increase in the companys shares capital from 25,556,445 shares to 28,112,089 shares which was approved during the general assembly meeting on April 24, 2012).

3-Gross Profit for the year 2012 is SAR 35.41million compared to SAR 34.12 million for last year, an increase of 4%.

4-Operating Profit for the year 2012 is SAR 9.86 million compared to SAR 8.45 million for last year, an increase of 17%.

5-The reasons for the increase in the Net Profit for current year compared to the Net Profit for last year are increase in sales, reduction in expenses, increase in other income and reduction in Zakat due to payment of additional Zakat for previous years during 2011.

6- Some figures of the last year was recalculated to match with classification of the current year.

Tadawul