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Full Announcement

NADEC announces its interim consolidated financial results for the period ended 31-03-2012 (Three months) - 2012/04/17
1 The net income for the first quarter amounted to SR 21.5 million compared to the net income of SR 20.5 million for the same quarter last year , an increase of 5%, and compared to the net income for the previous quarter of SR 21.2 million , an increase of 1% 
2. The gross profit for the quarter amounted to SR 139.6 million compared to the same quarter last year of SR 124.2 million representing an increase of 12% 
3. The income from operations for the quarter amounted to SR 22.3 million compared to SR 25.3 million for the same quarter last year, a decrease of 12% 
4. The earnings per share for the quarter amounted to SR .36 compared to SR .34 for the same period last year 
5. Sales revenue for the quarter amounted to SR 368.1 million compared to the same period last year of SR 346.9 million, an increase of 6%, 
6. The increase in net income for the quarter compared to the same period last year is attributable to: 
-The increase in sales revenue, improved production efficiency, and realization of other non operating revenue, despite the increase in the other expenses mainly sales & marketing due to the expansion in sales operations and new routes opening which will reflect in the performance of the future periods