National Industrialization Company announces its consolidated financial results for the period till March 31
4/21/2012

1. The net profit during the first quarter is 524.4 million riyals compared to 580 million riyals for the same quarter last year with down of 9.6%, and compared to 542.2 million riyals for the previous quarter with down of 3.3%

2. The gross profit during the first quarter is SR 1563.2 Million compared to SR 1590 million riyals for the same quarter of last year with a decrease of 1.7%

3. The operating profit during the first quarter is 1162 million riyals compared to 1209.7 million for the same quarter of last year with a decrease of 3.9%

4. Earnings per share during the first three months are 0.94 riyals compared to 1.04 for the same period last year

5. The reasons for the decline in profits of the first quarter of 2012 compared to the first quarter and fourth quarter of 2011 mainly due to lower profit margins in some sectors of petrochemicals due to lower selling prices and the high cost of raw materials. The improvements in profitability in other sectors have contributed in reducing the decline. Note that it have been reclassified some items of the comparative income statement for 2011.