6010 · 13/02/2014 08:49:03 · Announcement #33252 · View on Saudi Exchange

National Agriculture Development Co. announces the annual financial results for the period ending on 31-12-2013

Element Current year Previous year % Change
Net profit (loss)
100.2
95.7
4.7
Earning or loss per share, Riyals
1.67
1.59
-
Gross profit (loss)
704.7
636.5
10.71
Operational profit (loss)
130.2
122.2
6.55

*All figures are in (Millions) Saudi Arabia, Riyals

Element EXPLAINATION
Reasons of annual financial results Increase in sales revenue and reduction of the Zakat provision despite the increase in some operating expenses and financing cost attributed cost attributed to the company's expansion as well as the decrease in other revenue
Other notes The company's sales revenue grew by 11.6% for the twelve months period of the year 2013 compared to the same period of last year.

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