National Metal Manufacturing and Casting Co. announces the annual financial results for the period ending on 31-12-2014

22 February 2015 03:42 PM

MAADANIYAH 2220 13.10% 18.30 2.12

Element		Current Year	Previous Year	% Change
Net profit (loss)		20.75	10.7	93.93
Earning or loss per share, Riyals		0.74	0.38	-
Gross profit (loss)		63.67	43.89	45.07
Operational profit (loss)		32.21	16.6	94.04

All figures are in (Millions) Saudi Arabia, Riyals

Element	Explaination
Reasons of annual financial results	The reasons for the increase in net profit are increase in sales and decrease in the cost of the raw material and increase in the other income and decrease in Zakat charged to the year due to excess in Zakat provision for previous years.
Reclassifications in annual financial results	Certain figures for 2013 have been reclassified in order to conform to the presentation in the current year.

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