In reference to TASNEE announcement via Tadawul today 16/7/2012 regarding second quarter 2012 results, the company would like to add the following notes :
a) In addition to the improvement in titanium dioxide sales sector, the reasons for improvement in net profit in 2Q 2012 versus 1Q 2012 are lower selling & marketing expense, lower G&A and lower Zakat and tax for affiliates.
b) Amendment in items number 3 & 7 reads as follows :
3) Income from operations for the second quarter was SR 1188.3 Million, a decrease of 14.6% compared to same period last year (SR 1391.2 Million).
7) Income from operations for the Six Months ended June 30, 2012 was SR 2350.3 Million, a decrease of 9.6% compared to the same period last year (SR 2600.9 Million)
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