1. Southern province cement posted an estimated net profit of SR 244 million for the fourth quarter of 2011 compared to SR 165 million for the same quarter of previous year, an increase of 47.88%. And showing an increase of 35.56% against the posted net profit of SAR 180 million during the previous third quarter of the year 2011.
2. The estimated gross profit during the fourth quarter of 2011 is SR 260 million compared to SR 180 million for the corresponding period last year, an increase of 44.44%.
3. The estimated operating profit during the fourth quarter of 2011 is SR 248 million compared to SR 171 million for the corresponding quarter last year, an increase of 45.03%.
4.The estimated net profit for the twelve months of 2011 is SR 888 million compared to SR 659 million for the same period of previous year, an increase of 34.75%
5. The estimated earnings per share (EPS) for the year 2011 amounted to SR 6.35 against SR 4.70 for the same period of the year 2010.
6. The estimated gross profit during the year 2011 is SR 950 million compared to SR 710 million for the corresponding period last year, an increase of 33.80%.
7. The estimated operating profit during the year 2011 is SR 901 million compared to SR 671 million for the corresponding period last year, an increase of 34.28%.
8. The reason behind the rise in net profit in the fourth quarter and the twelve months period was due to the increase in the local sales because of the high demand in the company’s local market. Also there was no unforeseen stoppages to the main production lines and there was an optimum usage of the production facilities in the plants.
The company will announce the final audited financial results after being audited by its official auditors.
9. Some figures were rescheduled for the purpose of comparison.
