Nama Chemicals announcing the consolidated Financial results for the year ended 31/12/2012
1- Net loss reached amount SR (23.25) Million against net loss amount SR (246.53) Millions for the similar period of the last Year.
2- Losses per share reached SR (0.18) against Loss SR (1.92) for the similar period last year.
3- Gross profit reached amount SR 85.71 Million against gross profit amount SR 27.55 Million for the similar period last year, with 211% higher percentage.
4- Operation profit reached amount SR 4.96 Million against operation loss amount SR (62.53) Million for the similar period last year.
5- The reason for the decrease in net loss during the current period compared to the similar period of the last year to lower cost of sales in 2012, while included the last year devaluation of assets Hassad project and loaded on the income statement in addition to extinguish account the change in the interest rate swap and the expense of projects under development.
6- We would also like to draw attention in the report of the external auditor in note (8) of the report and on the cost of property, plant and equipment.
7- Some comparative figures have been reclassified to conform with the current period presentation.