1 – Net profit for the fourth quarter of 2012 amounted to SR 42,381,215 compared to SR 76,880,359 for the fourth quarter of the previous year, a decrease of 44.87% compared to SR 52,120,516 for the third quarter of 2012, a decrease of 18.69%.
2 – Gross profit during the fourth quarter of 2012 amounted to SR 59,041,995 compared to SR 85,924,134 for the fourth quarter of the previous year 2011, a decrease of 31.29%.
3. Net operating profit for the fourth quarter of 2012 amounted to SR 48,349,206 compared to SR 74,438,957 for the fourth quarter of the previous year, a decrease of 35.05%.
4. Net profit for the 12 months ended 31/12/2012 amounted to SR 409,310,905 compared to SR 236,471,609 for the same period last year, an increase of 72.89%.
5. Earnings per share for the 12-month period from 01/01/2012 to 31/12/2012 amounted to SR 2.73 compared to SR 1.58 for the same period last year.
6. Gross profit for the 12-month period ended 31/12/2012 amounted to SR 287,196,612 compared to SR 286,186,721 for the same period last year, an increase of 0.35%.
7. Net operating profit for the 12 months ended 31/12/2012 amounted to SR 228,707,731 compared to SR 218,389,369 for the same period last year, an increase of 4.72%.
8. The decrease in Q4 2012 results from the fourth quarter of 2011 as a result of achieving capital returns for the fourth quarter of 2011 in return for the sale of a good share in the plot located north of Lakes Road in Jeddah, In the companies of one of the subsidiaries (the mechanical arm) during the fourth quarter of 2011 while the profits were received from that investment during the third quarter of the current year 2012.
9. The increase in the 12-month results is due to the realization of capital gains from the divestment and sale of Arak and Al-Aqeeq Properties – two of Taybeh Holding’s contracts – the removal of the Aramas Hotel owned by the Arab Company for Tourist Areas (Arak), as well as the sale of residential land and part of the commercial land In a high-quality scheme owned by Al-Aqeeq Real Estate Development Company, in addition to increasing rates and percentages of occupancy in hotels and residential units and increase rental revenues in commercial centers.
10 – The decrease in the results of the fourth quarter of 2012 for the third quarter of 2012 results from the decrease in investment income from Murabaha during the fourth quarter of 2012 due to the exploitation of cash invested in buying new land and increase the disbursement on projects under implementation due to progress of work, In addition, dividends received from investments in companies of one of the subsidiaries (the “arm”) were included during the third quarter of 2012.
11. Certain comparative year figures have been reclassified to be comparable with the current year.
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