SOCCO 2013 Net Profit Increases 0.6 Percent

14/01/2014 18:43 AST

Net profit of Southern Province Cement Company (SOCCO) during the 4th Q 2013 amounted to SAR 254 million; the company recorded the same amount of profit in the same quarter of last year.

Gross profit during the 4th Q of 2013 added up to SAR 221 million versus SAR 275 million for the same quarter of last year, a decrease of 19.64 percent.

Operating profit decreased 17.8 % to SAR 217 million during 4thQuarter of 2013 versus SAR 264 million for the same quarter of last year.

While, estimated net profit during 2013 showed an increase of 0.6 percent with SAR 1.006 billion versus SAR 1 billion for the last year 2012.

EPS of Southern Province Cement Company during 2013 recorded as SAR 7.19 per share versus 7.14 SAR/Share for the same period last year 2012.

The total gross profit during 2013 is recorded as SAR 1.013 billion versus SAR 1.051 billion for the last year 2012, showing decrease of 3.62%.

The total operating profit of Southern Province Cement Company during 2013 amounted to SAR 973 million versus SAR 1.008 billion for the last year 2012, decreasing 3.47 %.


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