Oct 15 2011 |
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Tabuk Cement Company announces interim financial results for the company for the period ended 30/09/2011 (Nine months)
Tabuk Cement Company announces the interim financial results for the period ending at 30/9/2011:1.Realized Net Profit of SR 24.72 Million for the 3rd Q2011 compared to SR 23.79 Million for the same quarter last year with an increase of 3.90% and compared to SR 42.91 Million for the previous quarter with an decrease of 42.40%
2.Realized gross Profit of SR 29.90 Million for the 3rd Q2011 compared to SR 27.84 Million for the same quarter last year with an increase of 7.41% ,
3.Realized Operating Profit of SR 25.80 Million for the 3rd Q2011 compared to SR 23.79 Million for the same quarter last year with an increase of 8.45% ,
4.Realized Net Profit of SR 108.85 Million for the 9 months period compared to SR 99.52 Million for the same period last year with an increase of 9.37%
5.The per share profit for the 9 months period was SR 1.21 compared to SR 1.11 for the same period last year
6.Realized gross Profit of SR 122.11 Million for the 9 months period compared to SR 107.61 Million for the same period last year with an increase of 13.47%
7.Realized Operating Profit of SR 110.43 Million for the 9 months period compared to SR 96.51 Million for the same period last year with an increase of 14.42%
8.The increase in profits is due to increase in sales quantities which is the result of high demand in the local market. The decrease in profit in3rd Q2011 compared to 2nd Q2011 is due to low sales during the month of Ramadan and eid holiday.
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