nadec menu

Investors

National Agriculture Development Co. announces the annual financial results for the period ending on 31-12-2013 - 13/02/2014

ELEMENTCURRENT YEARPREVIOUS YEAR% CHANGE
Net profit (loss)100.295.74.7
Earning or loss per share, Riyals1.671.59
Gross profit (loss)704.7636.510.71
Operational profit (loss)130.2122.26.55
All figures are in (Millions) Saudi Arabia, Riyals
ELEMENTEXPLAINATION
Reasons of annual financial resultsIncrease in sales revenue and reduction of the Zakat provision despite the increase in some operating expenses and financing cost attributed cost attributed to the company’s expansion as well as the decrease in other revenue
Other notesThe 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.