Jazan Development Company posted a loss of SAR 50.2m (SAR 1/share) in Q4 of 2013, according to the audited financial statement.
The company previously reported, in its preliminary financial results of the year 2013, a loss of SAR 27m for Q4. The company didn’t provide any information about the reason behind this change.
The following table shows Jazan’s quarterly net profit for the last 2 years:
|
Jazadco Net Profits |
|||
|
EPS(SAR) |
Net Profit (SAR mn) |
Period |
|
|
2012 |
|||
|
(0.08) |
(4.0) |
Q1 |
|
|
(0.13) |
(6.3) |
Q2 |
|
|
(0.19) |
(9.7) |
Q3 |
|
|
0.03 |
1.7 |
Q4 |
|
|
2013 |
|||
|
0.44 |
21.9 |
Q1 |
|
|
2.68 |
1.134 |
Q2 |
|
|
(0.10) |
(5.2) |
Q3 |
|
|
(1.00) |
(50.2) |
Q4 |
|
The audited results showed a profit of SAR 100.6m in 2013 (SAR 2.01/share) compared to SAR 18.3 losses for 2012.
|
Income Statement |
|||
|
Change Percentage |
2013 |
2012 |
Period |
|
-- |
100.6 |
(18.3) |
Net profit (SAR mn) |
|
-- |
50 |
50 |
Average number of shares in million |
|
-- |
2.01 |
(0.37) |
EPS(SAR/share) |
2013 results included a capital gain of SAR 170m on sale of a plot of land, excluding that, the company results would be a loss of SAR 69m.
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