2001 · 23/02/2013 09:05:37 · Announcement #29083 · View on Saudi Exchange

METHANOL CHEMICALS COMPANY (CHEMANOL) ANNOUNCES THE ANNUAL FINANCIAL RESULTS FOR THE PERIOD ENDING AT DECEMBER 31, 2012.

1.Net profit for the period amounted to SAR 91.43 million as compared to SAR 70.21 million for the same period of previous year which is an increase of 30.22%

2.Earnings per share amounted to SAR 0.76 as compared to SAR 0.58 for the same period of the previous year.

3.Gross profit for the period amounted to SAR 217.45 million as compared to SAR 191.81 million for the same period of previous year which is an increase of 13.37%.

4.Total operating profit for the period amounted to SAR 119.90 million as compared to SAR 110.82 million for the same period of previous year which is an increase of 8.19%

5.The increase in net profit in 2012 is mainly due to improved sales volume, sales prices as well as higher operational efficiencies over the same period of previous year. Operational efficiencies helped to achieve about 96% capacity utilization in production thereby assisting marketing in higher sales.

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.