SOUTHERN PROVINCE CEMENT COMPANY ANNOUNCES ITS ESTIMATED INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 30/9/2012 (NINE MONTHS)

1. The estimated net profit for the third quarter reached SR 201 million compared to SR 180 million for the same quarter of previous year, an increase of 11.67%, against SR 262 million for the second quarter of 2012, representing a decrease of 23.02%.

2. The estimated gross profit during the third quarter was SR 217 million compared to SR 197 million for the corresponding quarter last year, an increase of 10.15%.

3. The estimated operating profit during the third quarter was SR 208 million compared to SR 185 million for the corresponding quarter last year, an increase of 12.43%.

4. The estimated net profit during the nine months was SR 747 million against SR 645 million for the corresponding period last year, an increase of 15.81%.

5. The earnings per share (EPS) for the nine months amounted to SR 5.33 against SR 4.61 for the same period of the previous year.

6. The estimated total profit during the nine months was SR 787 million against SR 690 million for the corresponding period last year, an increase of 14.08 %.

7. The estimated operating profit during the nine months was SR 757 million against SR 654 million for the corresponding period last year, an increase of 15.75%.

8. The reason behind the rise in net profit for the third quarter and for the nine months was due to the increase in the demand for cement in the local markets. As for the decrease of the profits of the third quarter compared to the second quarter, it was because of the sales decrease during the month of Ramadan and Eid Al-Fitr holidays.