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Full Announcement

NADEC announces its interim consolidated financial results for the period ended December 31, 2011 (Twelve months) - 2012/01/17
1. The net income for the quarter ended December 31, 2011 was SR 21.2 million compared to the net loss of SR (14 ) million for the same quarter last year and compared to the net income for the previous quarter of SR 30.1 million representing a decrease of 30 % 
2. The gross profit for the quarter ended December 31, 2011 amounted to SR 130.8 million compared to the same quarter last year of SR 112.4 million representing an increase of 16 % 
3. The income from operations for the quarter ended December 31, 2011 amounted to SR 31.1 million compared to net loss of SR (7. 8) million for the same quarter last year . 
4. The net income for the twelve months ended December 31, 2011 amounted to SR 91.3 million compared to the same period last year of SR 10.5 million representing an increase of 770 % 
5. The earnings per share for the twelve months period ended December 31, 2011 amounted to SR 1.52 compared to SR 0.17 for the same period last year. 
6. The gross profit for the twelve months period amounted to SR 547.8 million compared to SR 478.4 million for the same period last year , an increase of 15 % 
7. The income from operations for the twelve months amounted to SR 118.4 million compared to SR 36.2 million for the same period last year , an increase of 227 % 
8. Sales revenue for the twelve months ended December 31, 2011 amounted to SR 1,556 million compared to the same period last year of SR 1,448 million representing an increase of 7 %, while sales revenue for the Last quarter amounted to SR 368.7 million compared to SR 369.8million for the same period last year, a decrease of 0.30 % 
9. The increase in net income for the twelve months ended December 31, 2011 and the Last quarter compared to the same period last year is attributable to: 
-The improvement in business performance of both the agricultural sector and dairy sector compared to last year. On the other hand, despite the continued commodity prices inflation (mainly feeding materials and packaging materials), the company was able to reduce its effect by cost control programs, improving efficiency and assets utilization.