1- The company's net profit during the first quarter was SR 444 thousands compared to SR 5.50 million for the same quarter last year with a decrease of 91.93% , And compared to SR 499 thousands for the last quarter with a decrease of 11% .
2- The company's gross profit during the first quarter was SR 1.5 million compared to SR 7.19 million for the same quarter last year with a decrease of 79.14%.
3- The company's income from operation during the first quarter was SR 488 thousands compared to SR 5.83 million for the same quarter last year with a decrease of 91.63%.
4- The Earnings per share during three months was SR 0.04 compared to SR 0.51 for the same quarter last year.
5- The reasons for the decrease in sales and profit during the first quarter of 2012 is mainly due to sharp drop in prices due to increase in supply and decrease in demand for export of the raw material for fertilizer manufacturing to China market in addition to high prices by producers which resulted in big drop in profit margin.
Despite introduction of new export products such as plastic raw material to Ethiopia and distribution of food products to local markets and import of raw material to local factories which represents 23% of gross sale for the first quarter of 2012.
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