1.The net income for the second quarter 2012 amounts to SR 580.1 Million, a decrease of 2.4% compared to SR 594.2 Million for the same period last year and an increase of 10.6% compared to first quarter 2012 (SR 524.4 Million ).
2. Gross income for the second quarter was SR 1528.9 Million, a decrease of 17.2% compared to same quarter last year (SR 1846.6 Million).
3. Income from operations for the second quarter was SR 1188.3 Million, a decrease of 10.8% compared to same period last year (SR 1332.7 Million).
4. the net income for the Six Months ended June30, 2012 was SR 1104.5 Million, a decrease of 5.9% compared to the same period last year (SR 1174.2 Million)
5. Earnings per share during the Six Months ended June30, 2012 amounts to SR 1.65 compared to SR 1.76 for the same period last year, Earnings per share calculated for the fiscal period comparison based on the number of shares (668.9) million shares to show the impact of bonus shares, which was approved by the Extra-Ordinary General Assembly meeting on 4th April 2012.
6. The Gross income for the Six Months ended June30, 2012 was SR 3092.1 Million, a decrease of 10% compared to the same period last year (SR 3436.6 Million).
7. Income from operations for the Six Months ended June 30, 2012 was SR 2350.3 Million, a decrease of 7.6% compared to the same period last year (SR 2542.4 Million)
8. The reasons for the decrease of profits for the second quarter and the six months ended June 30, 2012 compared to the same period last year 2011 is due to a decrease of profit margins in some petrochemical sector due to a decline in selling prices offset by enhancement in operational efficiency. The increase in the second quarter compared to the first quarter 2012 is due to enhancement in the profitability of Titanium Dioxide sector due improvement in sales. Some figures of income statement for 2011 have been reclassified.
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