SAUDI HOTELS COMPANY ANNOUNCES ITS INTERIM FINANCIAL RESULTS
FOR THE PERIOD ENDED 31/12/2011 (12 MONTHS)

1. The net profit during the fourth quarter amounted to SR (40.1) million as compared to SR (32.9) million for the same quarter of the previous year with growth of 22% & compared to SR (41.1) million for the previous quarter with decline of 2.4%.
2. The gross profit during the fourth quarter amounted to SR (47.3) million as compared to SR (38.4) million for the same quarter of the previous year with growth of 23.2%.
3. The operating profit during the fourth quarter amounted to SR (41.9) million as compared to SR (32.2) million for the same quarter of previous year with growth of 30%.
4. The net profit during the twelve months amounted to SR (153.7) million as compared to SR (122.7) million for the same period of the previous year with growth of 25.3%.
5. Earnings per share during the period of twelve months amounted to SR 2.23 compared to SR 1.78 for the same period of previous year.
6. The gross profit during the twelve months amounted to SR (173.4) million compared to SR (145.3) million for the same period of previous year with growth of 19.33%.
7. The operating profit during the twelve months amounted to SR (151.6) million compared to SR (124.4) million for the same period of previous year with growth of 21.9%.
8. The major reason behind the profit increase is the improvement in the operating results of the most properties.The growth in profits for the year was attributed to the gain on sale of the company building in Olya and the operating of Al-Muthar compound residence in Riyadh, in addition to improving results in all the properties .