SOUTHERN PROVINCE CEMENT COMPANY ANNOUNCES ITS FINANCIAL RESULTS FOR THE YEAR ENDED ON 31/12/2011.

1.The net profit reached SR 895,737,330 compared to SR 658,509,937 for the previous year, an increase of 36.02%.

2. The earnings per share (EPS) amounted to SR 6.40 against SR 4.70 for the previous year, .

3.The gross profit reached 956,996,538 compared to SR 709,537,602 for the previous year, an increase of 34.88%.

4.The operating profit reached SR 908,303,039 compared to SR 671,375,188 , an increase of 35.29%.

5.The reason behind the rise in the net profit this year over the last year was due to the increase of the local sales because of the high demand in the company’s local market. Also there was no unforeseen stoppages in the main production lines and there was an optimum usage of the production facilities in the plants.

6.Some figures were rescheduled for the purpose of comparison.