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NADEC announces its interim consolidated financial results for the period ended June 30, 2011 (six months) - 13/07/2011

1 The net income for the quarter ended June 30, 2011 was SR 19.5 million compared to the net income of SR 12.2 million for the same quarter last year (note # 9) representing an increase of 60%, and compared to the net income for the previous quarter of SR 20.5 million representing a decrease of 5%

2. The gross profit for the quarter ended June 30, 2011 amounted to SR 151.6 million compared to the same quarter last year of SR 135.3 million (note # 9)representing an increase of 12%

3. The income from operations for the quarter ended June 30, 2011 amounted to SR 25 million compared to SR 18.8 million for the same quarter last year (note # 9), an increase of 33%

4. The net income for the six months ended June 30, 2011 amounted to SR 40 million compared to the same period last year of SR 23.7 million (note # 9) representing an increase of 69%

5. The earnings per share for the six months period ended June 30, 2011 amounted to SR 0.67 compared to SR 0.39 for the same period last year (note # 9).

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