Jul 18 2011 |
more articles from
|
TASNEE Q2 net income up 54.2% to SR594.2m
JEDDAH: The National Industrialization Company 's (TASNEE) has posted a net income of SR594.2 million for the second quarter 2011.This is an increase of 54.2 percent compared to SR385.4 million for the same period last year and an increase of 2.4 percent compared to the first quarter 2011 of SR580 million.
The company's gross income for the second quarter was SR1846.6 million, an increase of 49.7 percent compared to same quarter last year of SR1233.5 million.
The net income for the six months ended June 30, 2011 was SR1.17 billion, an increase of 63.5 percent, compared to the same period last year of SR718.2 million. Earnings per share amounts to SR2.11 compared to SR1.29 for the same period last year.
The gross income for the six months ended June 30 was SR3.44 billion, an increase of 43.8 percent compared to the same period last year of SR2.39 billion. Income from operations was SR2.66 billion, an increase of 55.9 percent compared to the same period last year of SR1.71 billion.
"The growth of income for the second quarter and the six months ended June 30, 2011 compared to the same period last year 2010 is due to improvement of subsidiaries' revenues (quantities and selling prices) and compared to the first quarter 2011 is mainly to the increase of sales volume and improvement in prices," the statement added.
Some figures of income statement for 2010 have been reclassified, it pointed out.
© Arab News 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment