1.Net profit during the third quarter amounted to SAR 25.16 million as compared to SAR 26.65 million for the same period of last year which is reduced by 5.57% and SAR 25.83 million in the previous quarter, which is reduced of 2.58%.
2.Gross profit during the third quarter amounted to SAR 58.72 million as compared to SAR 55.01 million for the same period of last year which is an increase of 6.74%.
3.Total operating profit during the third quarter amounted to SAR 35.51 million as compared to SAR 35.96 million for the same period of last year which is decrease of 1.26%.
4.Net profit during nine months amounted to SAR 76.24 million as compared to SAR 46.89 million for the same period of last year which is an increase 62.58%.
5.Earnings per share in the nine months amounted to SAR 0.63 as compared to SAR 0.39 for the same period of the last year.
6.Gross profit during nine months amounted to SAR 183.46 million as compared to SAR 138.83 million for the same period of last year which is an increase of 32.15%.
7.Total operating profit during nine months amounted to SAR 110.06 million as compared to SAR 77.94 million for the same period of last year which is an increase of 41.20%.
8.As compared to 3rd quarter last year, there has been a marginal decrease in net profit this quarter mainly due to reduction in international prices of Methanol and its derivatives. The minor decrease in the 3rd quarter profits as compared to the previous quarter for year can be attributed to decline in sales by 6% as a result of rescheduling of the deliveries to some of our customers, And the higher net profit for the nine months of 2012 compared to the same period last year , which is increased by 62.58% due to increase in sales and opening new markets for the company's products.
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.