Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 March 2013 as follows:-
1.Net profit reached SR 13,437,018 compared to net profit of SR 6,483,545 in the first quarter of 2012 with 107% increase, and compared to net profit of SR 8,200,177 in the Fourth quarter of 2012 with 64% increase.
2.Gross profit reached SR 61,472,194 compared to SR 47,386,191 in the comparable quarter of 2012, with 30% increase.
3.Operating profit reached SR 34,698,004 compared to SR 17,056,700 in the comparable quarter of 2012, with 103% increase.
4.Net income per share reached 0.20 compared to net profit per share of SR 0.10 in the comparable period of 2012.
5.All the subsidiary companies contributed to the improvement in results as compared to the same period last year.
6. The improvement in net results as compared to the last quarter was mainly due to the water distribution business.
7.Certain of corresponding periods figures have been reclassified to conform with the presentation in the current period.
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