Alujains consolidated financial statements for the nine months ending 30 September 2007 showed a net loss of SR20,399,475 compared to net loss of SR2,316,623 during the same period in 2006. The net loss increased by 780.5% as compared to same period of 2006. The net loss for the month ending September 30, 2007 includes SR 14.5 million loss from Natpet.
The consolidated operating loss before the share of minority shareholders in Natpet during the nine months ending 30 September 2007 was SR18,565,444. Alujain had operating profit of SR26,293 during the same period in 2006.
Loss per common share for the nine months ending 30-September-2007 was SR0.29 compared to a loss of SR0.033 during the same period in 2006.
In the quarter ending 30 September 2007 the consolidated net loss was SR13,947,437 compared to net loss of SR1,232,524 during the same period in 2006. The 1032% increase in net loss was mainly due to financial statements consolidation with Natpet whereby a SR14.5 million share of net loss was included in the Consolidated Statement of Income.
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