1.The Net Income attributed to the shareholders of the parent company for the first quarter ended March 31, 2013 amounted to SAR 239 million, compared to the Net Income of SAR 246 million for the same quarter of 2012 representing a decrease of 3% and compared to the Net Income of SAR 406 million for the fourth quarter of 2012, representing a decrease of 41%.
2. The Gross Profit for the first quarter ended March 31, 2013 amounted to SAR 544 million, compared to the Gross Profit of SAR 492 million for the same quarter 2012 representing an increase of 11%.
3.The Operating Profit for the first quarter ended March 31, 2013 amounted to SAR 365 million, compared to the Operating Profit of SAR 336 million for the same quarter of 2012 representing an increase of 9%.
4.The basic and diluted earnings per ordinary share (EPS) for the first quarter ended March 31, 2013 amounted to SAR 0.26 compared to the basic and diluted earnings per ordinary share of SAR 0.27 for the same quarter of 2012.
5.The decrease in the Net Income for the first quarter ended March 31, 2013 compared to the same quarter in 2012 is attributed to a lower Net Income of gold segment due to the decrease in the volume of gold ounces sold as the first quarter of 2012 included volume of gold related to prior years due to a delay in renewal of sales contract with gold refinery.
6.The decrease in the Net Income for the first quarter of 2013 compared to the fourth quarter of 2012 is due to the decrease in the Net Income of the phosphate segment due to the decrease in price and volume sold of DAP and ammonia resulting from a seasonal lower demand of these products during the first quarter of 2013.
7.Please note that certain items have been reclassified in the statement of financial position and statement of income for the quarter ended March 31, 2012 to make it consistent with the presentation of the statement of financial position and statement of income of current quarter. This change has no financial impact on net assets or net income for the current quarter and prior quarter.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.