Jul 12 2011 |
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Yamama Saudi Cement Company announces interim financial results for the period ended 30/06/2011 ( six months )
1.Net profit during the 2nd Q SAR (220) million versus SAR ( 192 ) million for the same quarter of the last year , with an increase of 15 % , compared to SAR ( 180 ) million for the previous quarter ,with an increase of 22 % .2.The gross profit during the 2nd Q SAR (233) million versus SAR ( 199 ) million for the same quarter of the last year , with an increase of 17 % .
3.The operating profit during the 2nd Q SAR (218) million versus SAR ( 188 ) million for the same quarter of the last year , with an increase of 16 % .
4.Net profit during six months SAR (400) million versus SAR (357) million for the same period of the last year, with an increase of 12 %.
5.EPS during six months is SAR (2.96) per share versus SAR (2.65) per share for the same period of last year.
6.The gross profit during six months SAR (429) million versus SAR (378) million for the same period of last year, with an increase of 13%.
7.The operating profit during six months SAR (402) million versus SAR (356) million for same period of the last year, with an increase of 13 %.
8.The main reason for decrease in the actual net profit compared to the estimation announce in 20/6/2011 by (1%) is the decrease in the quantity of sales estimation.
9.The main reason for the increase in the net profit is the increase sales from the previous period. Some figures have been reclassified in B/S for the previous period in accordance with the current period presentation.
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