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NADEC announces its interim financial results for the period ended 31-12-2012 (Twelve months) - 2013/01/16
NADEC announces its interim financial results for the period ended 31-12-2012 
1. The net income for the fourth quarter amounted to SR 14.3 million compared to the net income of SR 21.2 million for the same quarter last year , a decrease of 33 %, and compared to the net income for the previous quarter of SR 32.7 million , a decrease of 56% . 
2. The gross profit for the fourth quarter amounted to SR 148.7 million compared to the same quarter last year of SR 132.8 million representing an increase of 12 % . 
3. The income from operations for the fourth quarter amounted to SR 20.1 million compared to SR 33.1 million for the same quarter last year, a decrease of 39 %. 
4. The net income for the twelve months amounted to SR 95.7 million compared to SR 91.3 million for the same period last year , an increase of 5 %. 
5. The earnings per share for twelve months amounted to SR 1.59 compared to SR 1.52 for the same period last year.
6. The gross profit for the twelve months period amounted to SR 636.5 million compared to SR 549.8 million for the same period last year , an increase of 16 %. 
7. The income from operations for the twelve months amounted to SR 122.2 million compared to SR 120.4 million for the same period last year , an increase of 1 %. 
8. The reason for the decrease in the current quarter compared to the same quarter last year is attributed to: 
Weak performance of the agricultural sector during the period as a result of lower harvest yield of crops. 
9. The reason for the increase in the current period compared to same period last year is attributed to: 
Improved performance of the Dairy and foods manufacturing sector as sales grew by 16% vs. last year as a result of the successful sales and marketing programs that the company adopted recently, additionally other income from capital gains has also increased compared to last year 
10.The reason for the decrease in the current quarter compared to the previous quarter of this year is attributed to: 
The seasonality in product sales and consumption of same of NADEC products 
(Continued)
11. There are no notice , qualification , or emphasis of a matter mentioned in the external audit report 
12. There are reclassification of the comparative figures between sales and other income . 
13. Additional information: 
Total sales of the company for the fourth quarter amounted to SR 412.1 million compared to SR 370.7 million for the same period last year, an increase of 11%, while total sales for the twelve months period amounted to SR 1.73 billion compared to SR 1.56 billion for the same period last year, an increase of 11%. On the other hand , the company 's selling & distribution expenses have increased due to the expansion in the sales operations, additionally the general & administration expenses have also increased as a result of attracting highly talented and competent staff to support the company 's future objectives and ambitious growth plans 
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