Taiba Holding announces interim consolidated financial results for the period ended 31/12/2011 (twelve months)

Taiba Holding Company announces preliminary consolidated financial results for the period ended 31/12/2011: 1. Net profit for the fourth quarter of 2011 amounted to SR 76,959,446 compared to SR 41,968,035 for the fourth quarter of the previous year, an increase of 83.38% compared to SR 90,393,134 For the third quarter of 2011, a decrease of 14.86%. 2. Gross profit for the fourth quarter of 2011 amounted to SR 85,856,635 compared to SR 64,326,936 for the fourth quarter of the previous year, an increase of 33.47%. 3. Net operating profit (operating income) during the fourth quarter of 2011 amounted to SR 74,709,604 compared to SR 38,831,440 for the fourth quarter of the previous year, an increase of 92.39%. 4. Net profit during the 12-month period ended 31/12/2011 amounted to SR 236,820,696 compared to SR 92,098,036 for the same period last year, an increase of 157.14%. 5. Earnings per share for the 12-month period from 1/1/2011 to 31/12/2011 amounted to SR 1.58 compared to SR 0.61 for the same period last year. 6. Gross profit for the 12-month period ended 31/12/2011 amounted to SR 286,119,222 compared to SR 135,716,948 for the same period last year, an increase of 110.82%. 7. Net operating profit (operating income) during the 12-month period ended 31/12/2011 amounted to SR 218,660,016 compared to SR 82,036,312 for the corresponding period of the previous year, an increase of 166.54%. 8. The increase in the results of the 12-month period ended 31/12/2011 compared to the corresponding period of the previous year is mainly due to the increase in the operating efficiency of the subsidiary companies and the achievement of revenues for good collection to compensate for the expropriation of plot No. 5061 located in the central region of Madinah To the proceeds of the sale of a good share in the plot located north of the Lakes Road in Jeddah. The decline in Q4 revenues is due to the third quarter of this year as the results of the third quarter of revenues from the collection of good to compensate for the expropriation of land No. 5061 located in the central region of Medina. Certain comparative year figures have been reclassified to be compared with the current year. .