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Full Announcement

NADEC announces the interim financial results for the period ending on 31-12-2013 (Twelve months) - 2013/12/31

Increase in sales revenue and reduction of the Zakat provision despite the increase in some operating expenses and financing cost attributed to the company ‘s expansion as well as the decrease in other revenue

ELEMENT

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

% CHANGE CURRENT

PREVIOUS QUARTER

% CHANGE PREVIOUS

NET PROFIT (LOSS)

14.8

14.3

3.5%

33.0

(%55.2)

GROSS PROFIT (LOSS)

168.4

148.7

13.2

189.1

(%10.9)

OPERATIONAL PROFIT (LOSS)

24.7

20.1

%22.9

41.5

(%40.1)



ELEMENT

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

% CHANGE

NET PROFIT (LOSS)

100.2

95.7

%4.7

GROSS PROFIT (LOSS)

704.7

636.5

%10.7

OPERATIONAL PROFIT (LOSS)

130.2

122.2

%4.9

EARNING (LOSS) PER SHARE

1.67

1.59

 



All figures are in (Millions) Saudi Arabia, Riyals


ELEMENT

EXPLAINATION

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

Increase in the sales revenue and decrease in cost of sales due to a better sales mix, in addition to the reduction of the Zakat provision.
This is despite the decrease in the other revenue (loss) attributed to the sales of fixed assets during the quarter

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

Increase in sales revenue and reduction of the Zakat provision despite the increase in some operating expenses and financing cost attributed to the company ‘s expansion as well as the decrease in other revenue

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

Seasonality of the consumption of dairy & foods products and seasonality of agricultural crops

OTHER NOTES

The company's sales reveune grew by 11.6% for the twelve months period of the year 2013 compared to the same period of last year.

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