Jazan
company announced the development of preliminary
financial results for the period ending 31/12/2008: 1)
The net loss in the fourth quarter compared to 3.831.347
Real net loss of 804,361 rials for the corresponding
quarter of the previous year and a rise of 376%,
compared with net profit of 11.185.952 Real the previous
quarter. 2).
The total profit in the fourth quarter compared to
18,551 riyals net loss of 570,821 rials for the
corresponding quarter last year. 3) The operating loss
in the fourth quarter against a loss of 2.482.501 Real
3.582.854 Real corresponding quarter of the previous
year, a decline of 31%. 4) The net profit during the
twelve months compared to 20.187.480 Real Real
14.274.705 for the same period a year earlier, a rise of
41%. 5) The profit per share during the twelve months
compared with 0.40 riyals to 0.29 riyals for the same
period the previous year. 6).
The total profit over the twelve months compared with
942,281 rials 4.030.639 riyals for the same period last
year, a decline of $ 77%. 7) The operating loss during
the twelve months 4.937.287 compared to 2.335.954 Real
Real for the same period a year earlier, a rise of 111%.
8) The reason for the rise in operating losses, despite
the significant growth in sales (55%) of the substantial
rise in input costs of production during 2008. Note that
the fourth quarter for the same period the previous year
showed a loss when the final audit, rather than profit
537,781 rials at the announcement of the results of
others in order to review changes in the administrative
expenses and selling and distribution expenses, and that
the change in gross profit for the fourth quarter due to
the increase in cost of sales when the final audit .
