SAUDI INDUSTRIAL SERVICES COMPANY (SISCO) ANNOUNCES ITS INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31 MARCH 2012 - THREE MONTHS.

 

   Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 March 2012 as follows:- 

 

  1. Net profit reached SR 6,483,545 compared to net loss of SR (785,705) in the first quarter of 2011, and compared to net loss of SR (567,569) in the Fourth quarter of 2011. 
  2. Gross profit reached SR 47,386,191 compared to SR 31,458,787 in the comparable quarter of 2011, with 51% increase. 
  3. Operating profit reached SR 17,056,700 compared to SR 9,479,257 in the comparable quarter of 2011, with 80% increase. 
  4. Net income per share reached 0.10 compared to net loss per share of SR (0.01) in the comparable period of 2011. 
  5. All the subsidiary companies contributed to this improvement in performance in first quarter of 2012 as compared to the previous quarter and corresponding quarter last year. and compared to the fourth quarter of 2011 year due to the year-end provision for the amount of 6 million approximately for various projects related to expenses.



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