GulfBase Live Support
17/02/2013 08:45 AST
SAUDI INDUSTRIAL EXPORT COMPANY - SIECO ANNOUNCES ITS FINANCIAL RESULTS ENDING AT 31/12/2012
1- The company's net profit is SR 2.8 million compared to profit SR 9.3 million for last year with a decrease of 69.9% .
2- The earnings per share is SR 0.26 compared to earning SR 0.86 For the last year .
3- The company's gross profit is SR 6.9 million compared to SR 13.5 million profit for the last year with a decrease of 48.9% .
4- The company's operating profit is SR 2.6 million compared to profit SR 8.8 million for the last year with a decrease of 70.5% .
5- The decrease in sales and profit during 2012 is due to decrease in export volume of the raw material for fertilizer manufacturing to China market , In addition to fallen profit margin due to high supply and low demand, despite the export of new products to Ethiopians market and increase of food distribution in local market .
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The CMA has issued its resolution approving Saudi Industrial Export Company's request to reduce its capital from SAR (108,000,000) to SAR (10,800,000), thus reducing the number of shares from (10,800
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SAUDI INDUSTRIAL EXPORT COMPANY ANNOUNCES ITS INTERM FINANCIAL RESULTS FOR THE FIRST QUARTER ENDING AT 31/03/2013 ( THREE MONTHS ):
1- The company's net profit during the first quarter wa
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1- The company's net profit during the fourth quarter is SR 590 thousands compared to profit SR 142 thousands for the same quarter last year with a increase of 315.5% , and compared to profit SR 1.3
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Ticker | Price | Volume |
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Ticker | Price | Change |
---|---|---|
RIYADHCABLES | 135.00 | -0.80 (-0.59 |
ASTRAINDUSTRIAL | 160.00 | -3.00 (-1.85 |
OBEIKANGLASS | 31.95 | 0.05 (0.15 |
RAOOM | 67.40 | -1.10 (-1.61 |
BAWAN | 51.20 | -0.70 (-1.35 |
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