TACCO Realizes Net Profit of SR 45.50 Million for the 4Q 2012

17/01/2013 08:29 AST

TABUK CEMENT COMPANY ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING AT 31/12/2012:(12MONTHS)

1.Realized Net Profit of SR 45.50 Million for the 4Q 2012 compared to SR 28.00 Million for the same quarter last year with an increase of 62.% and compared to SR 35.8 Million for the previous quarter with an increase of 27%

2.Realized Total Profit of SR 57.30 Million for the 4Q 2012 compared to SR 34.90 Million for the same quarter last year with an increase of 64% ,

3.Realized Operating Profit of SR 52.00 Million for the 4Q 2012 compared to SR 30.70 Million for the same quarter last year with an increase of 69% ,

4.Realized Net Profit of SR 184.20 Million for the 12 months period compared to SR 136.90 Million for the same period last year with an increase of 35%

5.The per share profit for the 12 months period was SR 2.05 compared to SR 1.52 for the same period last year

6.Realized Total Profit of SR 218.00 Million for the 12 months period compared to SR 157.00 Million for the same period last year with an increase of 39%

7.Realized Operating Profit of SR 198.90 Million for the 12 months period compared to SR 141.10 Million for the same period last year with an increase of 41%

8.The increase in profits for the period 2012 is due to drop on cost following expenditure monitoring , improvement of plant efficiency and cement sales value rise,

9. The increase in profits for 4Q 2012 is due to increase in sales quantity & value .

10- The increase in profits for the 4th Q. 2012 compared to pervious quarter 3rd Q is due to drop on cost following expenditure monitoring, improvement of plant efficiency and cement sales quantity & value rise,

Tadawul