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25/02/2013 08:32 AST
Alujain announces its annual consolidated financial results for the period ended 31 December 2012:
1- Net Income was SR51.68 million as compared to net loss of SR9.95 million for the previous year.
2- Earnings per common share was SR0.75 as compared to loss of SR0.14 for the previous year.
3- Gross profit was SR292.42 million as compared to SR158.81 million for the previous year with an increase of 84%.
4- Operating income was SR215.01 million as compared to SR94.52 million for the previous year with an increase of 127%.
5- The reasons for increase in net profits during 2012 as compared to net losses during 2011 is attributed mainly to higher operational efficiencies, increase in production quantities with consequential higher sales volume allowing for lower cost per ton. The sales quantities during 2011 were low due to the scheduled turnaround and crash shutdowns of the plant. During 2012, corresponding to the higher sales volume, the Sales & Marketing expenses also increased by SR 3.7 million due mainly to higher warehouse management cost. Also, the general & administrative expenses increased by SR 9.4 million mainly due to the increase in Fees and Legal expenses for the re-financing activities, Manpower cost and IT related expenses.
6- Certain reclassifications were made in comparative numbers to conform to the current period.
Tadawul
20/01/2014
Net profit of Alujain Corporation (ALCO) during the 4th Q 2013 amounted to SAR 33.82 million versus SAR 17.12 million for the same quarter of last year with an increase of 97.55%, compared to SAR 56.
Gulfbase.com
21/01/2013
Alujain announces its interim consolidated financial results for the period ended 31 December 2012:
1. Net Income during the 4th quarter was SR16.91 million as compared to a net loss of SR2
Tadawul
09/10/2012
Alujain Corporation announces that on 22 DhullQada 1433H corresponding to 8 October 2012 its subsidiary National Petrochemical Industrial Company (NATPET) signed a US$ 20 Million three (3) year Revol
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SABIC | 62.50 | 0.00 (0.00 |
| MAADEN | 45.50 | 1.05 (2.36 |
| SABICAGRINUTRIENTS | 109.80 | -0.80 (-0.73 |
| MARBLEDESIGN | 77.00 | -2.00 (-2.54 |
| LIMEINDUSTRIES | 12.80 | -0.10 (-0.78 |
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Saudi Gazette
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Arab News
09/03/2025
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The Peninsula
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Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
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