Tasnee posts lower net profit at SAR 320.8m in Q1 of 2014

31/03/2014 Argaam Exclusive


The National Industrialization Co. (Tasnee), which invests in petrochemicals and other industries, reported SAR 320.8m net profit at the end of the first quarter of 2014, a 10% decrease compared to the same quarter last year, as shown in the following table:



Current Quarter Comparison (M)

Compared With The
Item Q1 2013 Q1 2014 Change‬
Revenues 4,783.87 4,414.48 (7.7 %)
Gross Income 1,374.79 1,299.96 (5.4 %)
Operating Income 896.63 826.35 (7.8 %)
Net Income 355.41 320.77 (9.7 %)
Average Shares 668.91 668.91 -
EPS (Riyals) 0.53 0.48 (9.7 %)

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