1.The net loss during the Third Quarter of 2010 amounts to SR 71.53 million as against net profit of SR 20.11 million for the same quarter of last year, and, against a loss of SR 26.50 million for the previous quarter, an increase of 170 %.
2.The gross loss during the Third Quarter of 2010 amounts to SR 35.20 million as against a profit of SR 66.20 million for the same quarter of last year.
3.The operating loss during the Third Quarter amounts to SR 80.84 million as against a profit of SR 18.50 million for the same quarter of last year.
4.The net loss during the nine months amounts to SR 96.97 million as against net profit of SR 113.58 million for the same period of last year.
5.The net loss per share during the nine months of 2010 amounts to SR 1.28 as against profit of SR 1.49 for the same period of last year.
6.The gross profit during the nine months of 2010 amounts to SR 7.51 million as against SR 271.16 million for the same period of last year, a decrease of 97 %.
7.The operating loss during the nine months amounts to SR 114.27 million as against a profit of SR 131.86 million for the same period of last year.
8.Lower volume and lower margins eroded profitability due to the continuous imbalance in demand and supply. The expected surge in the high voltage segment, with its higher added value, has been deferred and its benefits are now expected in the period ahead.
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.