1.The net income for the fourth quarter 2011 amounts to SR 544.1 Million, an increase of 42.7% compared to SR 381.4 Million for the same period last year and a decrease of 25% compared to previous quarter 2011 (SR 725 Million ).
2. Gross income for the fourth quarter was SR 1615.9 Million, an increase of 56.5% compared to same quarter last year (SR 1032.8 Million).
3. Income from operations for the fourth quarter was SR 1247.6 Million, an increase of 68% compared to same period last year (SR 742.8 Million).
4. the net income for the Twelve Months ended December 31, 2011 was SR 2443.4 Million, an increase of 65.9% compared to the same period last year (SR 1472.6 Million)
5. Earnings per share during the Twelve Months ended December 31, 2011 amounts to SR 4.38 compared to SR 2.64 for the same period last year, Earnings per share calculated for the fiscal period comparison based on the number of shares (557.4) million shares to show the impact of bonus shares, which was approved by the Extra-Ordinary General Assembly meeting on 4th April 2011.
6. The Gross income for the Twelve Months ended December 31, 2011 was SR 7038.6 Million, an increase of 55.1% compared to the same period last year (SR 4539 Million).
7. Income from operations for the Twelve Months ended December 31, 2011 was SR 5495.9 Million, an increase of 74.2% compared to the same period last year (SR 3155.3 Million).
8. the growth of net income for the fourth quarter and the Twelve months ended December 31, 2011 compared to the same period last year 2010 is due to increase of subsidiaries sales and improvement in prices. Whilst net income for the fourth quarter 2011 was below the third quarter 2011 mainly due to decrease of sales in petrochemical sector because of the lower selling prices and lower foreign exchange rate translation. Some figures of income statement for 2010 have been reclassified.
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