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Full Announcement

NADEC company announces the interim finical results for the period ending on 30-09-2013 (Nine months) - 2013/09/30

The company's sales reveune grew by 12.6% for the nine months period of the year 2013 compared to the same period of last year , Foods manufacturing sector grew by 16.2% while agricultural sector declined by 5.4%

ELEMENT

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

% CHANGE CURRENT

PREVIOUS QUARTER

% CHANGE PREVIOUS

NET PROFIT (LOSS)

33.0

32.7

%0.9

30

%10

GROSS PROFIT (LOSS)

189.1

176.1

%07.4

185.2

%2.1

OPERATIONAL PROFIT (LOSS)

41.5

42.3

(%1.9)

37.7

%10.1



ELEMENT

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

% CHANGE

NET PROFIT (LOSS)

85.4

81.4

%4.9

GROSS PROFIT (LOSS)

536.2

487.9

%9.9

OPERATIONAL PROFIT (LOSS)

105.5

102.1

%3.3

EARNING (LOSS) PER SHARE

1.42

1.36

 



All figures are in (Millions) Saudi Arabia, Riyals


ELEMENT

EXPLAINATION

REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR

Mainly due to the Increase in sales revenue and decrease in Zakat provision in addition to the increase in some operating expenses and financing cost

REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR

Mainly due to the Increase in sales revenue and decrease in Zakat provision in addition to the increase in some operating expenses and financing cost

REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER

IncreasDecrease in G&A expenses and Zakat provision

OTHER NOTES

The company's sales reveune grew by 12.6% for the nine months period of the year 2013 compared to the same period of last year , Foods manufacturing sector grew by 16.2% while agricultural sector declined by 5.4%