SOUTHERN PROVINCE CEMENT COMPANY ANNOUNCES ITS ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 (TWELVE MONTHS)

1. The net profit for the fourth quarter of the year 2012 reached SR 254 million compared to SR 251 million for the same quarter of the previous year, an increase of 1.2%, against SR 200 million for the previous quarter, representing an increase of 27%.

2. The gross profit during the fourth quarter of the year 2012 was SR 275 million compared to SR 267 million for the corresponding quarter of last year, an increase of 3%.

3. The operating profit during the fourth quarter of the year 2012 was SR 264 million compared to SR 254 million for the corresponding quarter last year, an increase of 3.94%.

4. The net profit during the twelve months of the year 2012 was SR 1,000 million against SR 896 million for the corresponding period last year, an increase of 11.61%.

5. The earnings per share (EPS) for the for the year 2012 amounted to SR 7.14 against SR 6.40 for the same period of the previous year.

6. The total profit during the year 2012 was SR 1,051 million against SR 957 million for the corresponding period last year, an increase of 9.82 %.

7. The operating profit during the year 2012 was SR 1,011 million against SR 908 million for the corresponding period last year, an increase of 11.34%.

8. The reason behind the rise in the net profit for the fourth quarter compared to the same quarter of the previous year was due to the sales increase because of the increase of the demand for cement in the company local markets and also due to the optimum usage of the factories production capacities.

9. The reason behind the rise in the net profit for the twelve months compared to the same period of the previous year was due to the sales increase because of the increase of the demand for cement in the company local markets and also due to the optimum usage of the factories production capacities.

10. The reason behind the rise in the net profit for the fourth quarter compared to the previous quarter of the current year was due to the sales increase because of the increase of the demand for cement in the company local markets and also due to the optimum usage of the factories production capacities. .

11. Some figures were reclassified for the purpose of comparison.