Jan 18 2012 |
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Tasnee earnings surge 42% to SR544.1m in Q4
JEDDAH: National Industrialization Company ( Tasnee ) has reported interim consolidated financial result for the period ended Dec. 31, 2011.A company statement posted on the Tadawul website said the net income for the fourth quarter of 2011 amounted to SR544.1 million.
This is an increase of 42.7 percent compared to SR381.4 million for the same period last year and a decrease of 25 percent compared to previous quarter of 2011 (SR725 million).
Income from operations for the fourth quarter was SR1247.6 million, an increase of 68 percent compared to same period last year (SR742.8 million).
Earnings per share during the 12 months ended Dec. 31, 2011 amounts to SR4.38 compared to SR2.64 for the same period last year.
© Arab News 2012
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