Saudi Pharmaceutical Industries & Medical Appliances Corporation Presents at EBD Group's 7th Annual BIO-Europe Spring Conference 2013, Mar-11-2013 . Venue: Centre Covencions International Barcelona, Plaça de Willy Brandt, 11-14, 08019 Barcelona, Spain.

Saudi Pharmaceutical Industries & Medical Appliances Corporation announced the financial results for the fourth quarter and twelve months ended December 31, 2012. For the quarter, the company reported net income amounted to SAR 53.7 million compared to SAR 73.5 million for the same quarter of prior year, representing a decrease of 26.9%, and compared to a net income for the prior quarter of SAR 32.4 million representing an increase of 65.8%. The income from operation amounted to SAR 62.9 million compared to SAR 76.3 million for the same quarter of prior year, representing a decrease of 17.6%. The increase in net profit during the fourth quarter compared to the prior quarter of current year was due to the seasonality of sales and its decline during summer vacation and Eid Alfitr Vacation. For the twelve months, the company reported net income amounted to SAR 232.6 million compared to SAR 211.4 million for the same period of prior year, representing an increase of 10%. The earning per share amounted to SAR 2.97 compared to SAR 2.70 for the same period of prior year. The income from operation amounted to SAR 200.4 million compared to SAR 191.4 million for the same period of prior year, representing an increase of 4.7%. The decrease in net profit during the fourth quarter compared same quarter of prior year was due to the decrease in sales by almost 2.5% and to the increase in products marketing expenses. The increase during the twelve months period net profit compared to the same period of prior year was due to the increase in sales by almost 4.8% and to the increase in cash dividends received from some of the corporations investments by 72%.

Saudi Pharmaceutical Industries & Medical Appliances Corporation Presents at 4th Annual Saudi Arabia Conference 2012, Nov-19-2012 . Venue: Intercontinental Hotel, Al Maather Street, PO Box 3636, Riyadh 11481, Saudi Arabia.