TIRECO announces interim financial results for year 2013

19/01/2014 20:44 AST

Net profit of Taiba Holding Company (TIRECO) during the 4th Q 2013 amounted to SAR 64.5 million versus SAR 42.4 million for the same quarter of last year with an increase of 52.12 %, compared to SAR 62.9 million for the previous quarter with increase of 2.54 %.

Gross profit during the 4th Q of 2013 added up to SAR 65.9 million versus SAR 59 million for the same quarter of last year, an increase of 11.69 percent.

Operating profit increased 15.32 % to SAR 55.7 million during 4thQuarter of 2013 versus SAR 48.3 million for the same quarter of last year.

While, net profit during 2013 showed a decrease of 35.04 percent with SAR 264 million versus SAR 406.4 million for the last year 2012.

EPS of TIRECO during 2013 recorded as SAR 1.76 per share versus 2.71 SAR/Share for the same period last year 2012.

The total gross profit during 2013 is recorded as SAR 246.6 million versus SAR 287.2 million for the last year 2012, showing decrease of 14.14%.

The total operating profit of TIRECO during 2013 amounted to SAR 208.5 million versus SAR 227.9 million for the last year 2012, decreasing 8.51 %.

The reason for increase in net profit for quarter compared with same quarter last year is due to the Increase in operating revenues and investment income.

The reason for decrease in Yearly net profits is due to capital gains in 2012 from the compansation of Hotel Aramas Al-Madina which is owned by Arac co. and sale of plots of Aliat Taiba plan owned by Al-Aqeeq co.

Gulfbase.com

News

Millennium, Taiba in partnership to build 4 hotels in Makkah, Madinah

15/06/2015

MILLENNIUM & Copthorne Hotels, Middle East and Africa, has signed four new hotels in Saudi Arabia with Taiba Holding Company.

The signing is part of the group's strategic expansion plan, w

Saudi Gazette

Taiba Q1 profits surge 240%

13/04/2015

Taiba Holding Co recorded SAR 202.3 million in net earnings during the first quarter of 2015, soaring 240% form SAR 59.5 million in Q1-14 but falling 27.3% from SAR 278.3 million in Q4-14.

Mubashar

Taiba Holding Co. announces the distribution of dividend

19/06/2013

The Board of Directors of Taiba Holding Co. has recommended the distribution of dividend to the shareholders for the period second quarter 2013 as following:

1.Total amount of distribution

Tadawul