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21 Apr 2013
Nama Chemicals announcing the consolidated Financial results for the period ended in 31/3/2013

Nama Chemicals announcing the consolidated Financial results for the period ended in 31/3/2013 :

1. Net loss reached amount SR (25.4) Million against net loss amount SR (4.4) Millions for the similar quarter  of the last year, with 477% higher percentage.

2. Gross profit for the 1st QTR reached amount SR 8.1 Million against gross profit amount SR 24.9 Million for the similar period last year, with 67% higher percentage.

3. Operation loss for 1st QTR reached amount SR (15.7) Million against operation profit amount SR 4.1 Million for the similar period last year.

4. Losses per share reached SR (0.20) against Loss SR (0.03) for the similar period last year.

5. The reason for the decrease in the current quarter compared to the same quarter of the previous year to include the costs of consumption of calcium chloride plant and stop some of the companys production units for the purpose of carrying out maintenance and replacement of the catalyst.

6. The reason for the decrease in the current quarter compared to the 4th quarter of the previous year to include the costs of consumption of calcium chloride plant and stop some of the production units of the company for the purpose of carrying out maintenance and replacement of the catalyst. 

7. We would also like to draw attention in the report of the external auditor in note (9) of the report and on the cost of property, plant and equipment.

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