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Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 31 December 2011 as follows:

1. Net loss in the fourth quarter reached SR (567,596) compared to net loss of SR(3,771,451) in the comparable quarter of 2010 with decrease 85% , and compared to net profit of SR 6,993,548 in the second quarter of 2011 .

2.Gross profit in the fourth quarter reached SR 40,100,710 compared to SR 28,596,057 in the comparable quarter of 2010, with 40 % increase.

3.Operating profit in the fourth quarter reached SR 9,113,416 compared to SR 5,465,322 in the comparable quarter of 2010, with 67% increase.

4.Net profit for the twelve months ended 31/12/2011 reached SR 10,989,572 compared to net profit SR 2,126,784 for the same period of 2010 with 417% increase .

5.Earnings per share for the twelve months ended 31/12/2011 reached 0,16 compared to net profit per share of SR 0,03 in the comparable period of 2010.

6.Gross profit for the twelve months ended 31/12/2011 reached SR 163,358,356 compared to Gross profit of SR 108,497,036 in the comparable period of 2010, with 51% increase .

7.Operating profit for the twelve months ended 31/12/2011 reached SR 58,571,178 compared to operating profit of SR 35,117,963 in the comparable period of 2010, with 67% increase.

8.Net losses in the fourth quarter is due to the year-end provision for the amount of 6 million approximately for various projects related to expenses , net results for the twelve months ended 31 December 2011 is better due to improvement in operating results , which was mainly contributed by Red Sea Gateway Terminals improved operating activities in the beginning of the third quarter of the year 2011.

Available Only in Arabic

Available Only in Arabic

Available Only in Arabic

 Saudi Industrial Services Co. SISCO made a luncheon on Wednesday, 31/10/2011, to honor the employees who have completed 10 and 5 years of service in the company, and during the ceremony through the company's CEO Mohamed Al Mudarres Who is proud  of the staff who are considered as the most important pillars based upon the company's development and progress, a certificates of thanks and appreciation has been given to the staff and wish them continued progress.

Excerpt

Available Only in Arabic

Available Only in Arabic

Available Only in Arabic

Saudi Industrial Services Company (SISCO) announces its interim financial results for the period ended 30 September 2011 as follows:

1. Net profit in the third quarter reached SR 6,993,548 compared to net profit of SR 229,330 in the comparable quarter of 2010 with 2949.5% increase, and compared to net profit of SR 5,349,298 in the second quarter of 2011 with 30.7% increase .
2. Gross profit in the third quarter reached SR 48,666,002 compared to SR 31,458,109 in the comparable quarter of 2010, with 54.7 % increase.
   
3. Operating profit in the third quarter reached SR 23,101,116 compared to SR 14,902,507 in the comparable quarter of 2010, with 55% increase.
   
4. Net profit for the nine months ended 30/09/2011 reached SR 11,557,141 compared to net profit SR 4,540,766 for the same period of 2010 with 154.5% increase .
   
5. Net profit per share for the nine months ended 30/09/2011 reached 0.170 compared to net profit per share of SR 0.067 in the comparable period of 2010.
   
6. Gross profit for the nine months ended 30/09/2011reached SR 123,257,646 compared to Gross profit of SR 80,125,538 in the comparable period of 2010, with 53.8% increase .
   
7. Operating profit for the nine months ended 30/09/2011 reached SR 53,967,505 compared to operating profit of SR 28,439,244 in the comparable period of 2010, with 89.7% increase.
   
8. Net profit for the third quarter, and the nine months ended 30 September 2011 compared to the similar periods of last year, Is higher due to improvement in operating results , which was mainly contributed by Red Sea Gateway Terminals improved operating activities.