NADEC annual net income increases

NADEC, an agricultural products company, has reported that net income for the year ended December 31, 2012 was SAR95.7 million, or SAR1.59 per share, compared to SAR91.3 million, or SAR1.52 per share, for the year ended December 31, 2011.

Total sales for the year ended December 31, 2012 were SAR1.73 billion, compared to SAR1.56 billion for the year ended December 31, 2011.

Gross profit for the year ended December 31, 2012 was SAR636.5 million, compared to SAR549.8 million for the year ended December 31, 2011.

Income from operations for the year ended December 31, 2012 was SAR122.2 million, compared to SAR120.4 million for the year ended December 31, 2011.