Saudi Research and Marketing Group announced preliminary earnings results for the fourth quarter and full year ended December 31, 2012. The company's net profit during the fourth quarter amounted to SAR 66.3 million compared to SAR 42.9 million for the same period of the previous year, representing an increase of 54.5%, and compared to 12.1 million of the previous quarter, representing an increase of 447.9%. Income from main operations during the fourth quarter amounted to SAR 25.8 million compared to SAR 33.2 million for the same period of the previous year, representing a decrease of 22.3%. The reason behind the profit increase in the fourth quarter of 2012 compared to the same period of 2011 is attributed mainly to the following reasons: The net profit of fourth quarter 2012 included an amount of 54 MSR, represents the group's share after minority from the gain on a sale of land owned by SPPC - Saudi Printing & Packaging Company (one of the group's subsidiaries). In addition to an amount of 12 MSR represents the group's share after minority from the fourth quarter profit of the new acquisition ENPI (Emirates National Factory for Plastic Industries). This new acquisition is in-line with the strategy of SPPC to expand in packaging beside its printing business. In addition, fourth quarter 2012 profit included also an amount of 5.6 MSR, represents the group's share after minority from the provisions recorded in SPPC after the review conducted on the provisions policy for Inventory & A/R, against any potential future risks, these provisions impacted the income from main operations in both fourth quarter and Fiscal Year 2012, compared to the previous year 2011.On the other hand, fourth quarter of the previous year included capital gains from the sale of the Group's share in Intigral investment, in addition to the exceptional one-time advertising revenue related to special events. The net profit increase in the fourth quarter of 2012 compared to the third quarter of 2012 is attributed mainly to the gain from the sale of SPPC land, aside from the gain of the new acquisition of SPPC as mentioned above.

The company's net profit during the twelve months amounted to SAR 118.2 million compared to SAR 100.3 million for the same period of the previous year, which represents an increase of 17.8%. Earnings per share during the twelve months amounted to SAR 1.48 compared to SAR 1.25 for the same period of the previous year. Income from main operations during the twelve months amounted to SAR 103.6 million compared to SAR 105.1 million for the same period of the previous year, representing a decrease of 1.4%. The net profit increase in the full year of 2012 compared to the same period of 2011 is attributed mainly to the gain recorded from the sale of SPPC land, aside from the gain recorded from the new acquisition of SPPC.