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Full Announcement

NADEC announces the interim financial results for the year ending on 31-12-2013 - 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 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 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

OTHER NOTES

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