QACCO announces its interim consolidated financial results

09/04/2013 08:30 AST

Qassim Cement Company - QACCO announces its interim consolidated financial results for the period ended 31/03/2013

1.Qassim Cement Company posted a net profit of SAR 168,457,945 for the first quarter of 2013 compared to SAR 158,442,456 for the same quarter of the previous year, which shows an increase of 6.32% and showing an increase of 17.78% against the posted net profit of SAR 143,027,694 during the previous last quarter of the year 2012.

2.The gross profit during the first quarter is SAR 182,576,964 compared to SAR 170,615,930 for the corresponding period last year, which shows an increase of 7.01%.

3.The operating profit during the first quarter is SAR 174,205,680 compared to SAR 162,195,404 for the corresponding quarter last year, which shows an increase of 7.40%.

4.The Earnings per share (EPS) for the three months amounted to SAR 1.87 against SAR 1.76 for the same period of the previous year.

5.The reasons for the rise in net profit during the first quarter of the current year over the same period last year were due to increase in the sales value and quantity in addition to the improved results of operation driven by lower cost.

6.The reasons for the rise in net profit during the first quarter of the current year against the previous, last quarter of the year 2012 were due to increase in the sales value and quantity in addition to the improved results of operation driven by lower cost.


Tadawul

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