1.THE NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS OF THE PARENT COMPANY, FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2011 AMOUNTED TO SAR 280 MILLION COMPARED TO THE NET LOSS FOR THE SAME QUARTER OF 2010 AMOUNTED TO SAR (61 ) MILLION, AND COMPARED TO THE ACTUAL NET INCOME FOR THE THIRED QUARTER 2011 OF SAR 27 MILLION REPRESENTING A INCREASE OF 937%.
2. THE GROSS PROFIT FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2011 AMOUNTED TO SAR 592 MILLION, COMPARED TO THE GROSS PROFIT FOR THE SAME QUARTER OF 2010 OF SAR 111 MILLION REPRESENTING AN INCREASE OF 433%.
3. THE OPERATING INCOME FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2011 AMOUNTED TO SAR 489 MILLION COMPARED TO THE NET INCOME FOR THE SAME QUARTER OF 2010 OF SAR 26 MILLION REPRESENTING AN INCREASE OF 1,780%.
4. THE NET INCOME ATTRIBUTABLE TO THE SHAREHOLDERS OF THE PARENT COMPANY FOR THE TWELVE MONTHS ENDED 31DECEMBER 2011 AMOUNTED TO SAR 413 MILLION COMPARED TO THE NET LOSS ATTRIBUTABLE TO THE SHAREHOLDERS OF THE PARENT COMPANY FOR THE SAME PERIOD OF 2010 OF SAR (9) MILLION.
5. THE BASIC AND DILUTED EARNINGS PER SHARE (EPS) FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2011 AMOUNTED TO SAR 0.45 COMPARED TO THE LOSS PER SHARE OF SAR (0.01) FOR THE SAME PERIOD OF 2010.
6. THE GROSS PROFIT FOR THE TWELVE MONTHS ENDED ON 31 DECMEBER 2011 AMOUNTED TO SAR1,033 MILLION COMPARED TO THE GROSS PROFIT FOR THE SAME PERIOD OF 2010 OF SAR 385 MILLION REPRESENTING AN INCREASE OF 168%.
7. THE OPERATING INCOME FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2011 AMOUNTED TO SAR 667 MILLION COMPARED TO THE OPERATING INCOME FOR THE SAME PERIOD OF 2010 OF SAR 79 MILLION REPRESENTING AN INCREASE OF 744%.
8. THE INCREASE IN THE NET INCOME FOR THE FOURTH QUARTER AND THE TWELVE MONTHS PERIOD ENDED 31 DECEMBER 2011 COMPARED TO THE SAME PERIOD IN 2010 IS ATTRIBUTED TO THE BEGINING OF COMMERCIAL PRODUCTION OF AMMONIA STARTING FROM 1ST OF OCTOBER 2011, AN INCREASE IN THE AVERAGE PRICES OF AMONIA, AN INCREASE IN THE AVERAGE REALIZED PRICES PER OUNCE OF GOLD SOLD, AN INCREASE IN THE VOLUME OF GOLD OUNCES SOLD AND THE DECREASE OF THE ZAKAT PROVISION. THE NET INCOME IMPROVEMENT WAS ACHIEVED DESPITE THE LOW RETURN ON CASH DEPOSITS AND AN INCREASE IN EXPLORATION EXPENSES.
THE LAST YEAR HAS BEEN RECLASSIFIED TO BE IN ACCORDANCE WITH THE CURRENT YEAR CLASSIFICATION.
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