SIEC posts lower net profit at SAR 2.2m in I2 of 2014

30/06/2014 Argaam Exclusive

Saudi Industrial Export Company, an exporter of Saudi Products, reported SAR 2.2m net profit at the end of the first half of 2014, a 54% decrease compared to the same period last year, as shown in the following table:



Financials (M)

Item 6m 2013 6m 2014 Change‬
Revenues 177.37 317.97 79.3 %
Gross Income 7.69 5.14 (33.2 %)
Operating Income 5.32 2.78 (47.7 %)
Net Income 4.85 2.23 (54.1 %)
Average Shares 134.37 134.37 -
Earnings Per Share before unusual items (Riyals) 0.04 0.02 (54.1 %)
EPS (Riyals) 0.04 0.02 (54.1 %)


Current Quarter Comparison (M)

Compared With The
Item Q2 2013 Q2 2014 Change‬
Revenues 91.66 127.19 38.8 %
Gross Income 3.71 1.66 (55.1 %)
Operating Income 2.42 0.53 (78.0 %)
Net Income 2.19 0.52 (76.5 %)
Average Shares 134.37 134.37 -
Earnings Per Share before unusual items (Riyals) 0.02 0.00 (76.5 %)
EPS (Riyals) 0.02 0.00 (76.5 %)

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