SIDC Announces Financial Results for Year 2013

15/01/2014 22:17 AST

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 SAR 9.1 million for the previous quarter with a decrease of 23.08%.

Gross profit during the 4th Q of 2013 added up to SAR 21.3 million versus SAR 21.4 million for the same quarter of last year, a decrease of 0.47 percent.

Operating profit decreased 20 % to SAR 2.8 million during 4thQuarter of 2013 versus SAR 3.5 million for the same quarter of last year.

While, estimated net profit during 2013 showed a decrease of 5.42 percent with SAR 35 million versus SAR 33.2 million for the last year 2012.

EPS of Saudi Industrial Development Company during 2013 recorded as SAR 0.87 per share versus 0.83 SAR/Share for the same period last year 2012.

The total gross profit during 2013 is recorded as SAR 100 million versus SAR 94.8 million for the last year 2012, showing increase of 5.49%.

The total operating profit of Saudi Industrial Development Company during 2013 amounted to SAR 29.6 million versus SAR 36.4 million for the last year 2012, decreasing 18.68 %.


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