FOR THE FIRST QUARTER ENDED 31 MARCH 2012 AL-JOUF AGRICULTURAL DEVELOPMENT COMPANY (AL-JOUF) ANNOUNCES ITS INTERIM FINANCIAL RESULTS :
1)The net profit for the first quarter ended 31 march 2012 amounted to SAR 7.09 million, an increase of 17% compared to the same period last year (SAR 6.05 million) and an decrease of 79 % compared to the last quarter 2011 (SAR 34.13 million).
2)The total gross profit for the first quarter ended 31 march 2012 amounted to SAR 10.30 million, an increase of 42% compared to the same period last year (SAR 7.27million).
3)The operating profit for the first quarter ended 31 march 2012 amounted to SAR 3.00 million, an increase of 9% compared to the same period last year (SAR 2.76million).
4)The earnings per share (EPS) for the three months ended 31 march 2012 was SAR 0.28 compared to the same period last year (SAR 0.24 for the prior year)
5) Cause of high profits for the same period last year due to the increased value of sales for a period of the quarter to SAR 36.00 million compared to SAR 15.00 million Saudi Riyals
A) Cause of low profits for the last quarter 2011, all crops are still in the process of growth and the results will appear in the next quarter 2012
B) Revenues include the value of sales of capital assets SAR 3.67 million during the first quarter 2012
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