Saudi Printing and Packaging Company announced consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company's net income was SAR 86.0 million compared to SAR 9.6 million for the same quarter of 2011, representing an increase of 795.8% and compared to SAR 6.9 million for the previous quarter, representing an increase of 1,146.4%. Income from operations for the fourth quarter was SAR 16.1 million compared to SAR 6.1 million for the same quarter of 2011, representing an increase of 163.9%. The main reason for the increase in net income for the fourth quarter of 2012 compared to the same quarter of 2011 is attributable to a capital gain amounting to SAR 77.0 million included in other income arising from the sale of a part of the company's land located in Dhahban district in Jeddah, in addition to including the financial results for the fourth quarter of 2012 of Emirates National Factory for Plastic Industries L.L.C., the wholly acquired company, in the company's interim consolidated financial statements. The main reason for the increase in net income for the fourth quarter 2012 compared to the previous quarter of the current year is mainly attributable to the above mentioned capital gain and including the above mentioned financial results of the fourth quarter of the acquired company in the company's interim consolidated financial statements.

For the year, the company's net income was SAR 124.6 million compared to SAR 36.0 million for the same period of 2011, representing an increase of 246.1%. Earnings per share for the twelve months ended December 31, 2012 was SAR 2.08 compared to SAR 0.6 for the same period of 2011. Profit from operations for the twelve months ended December 31, 2012 was SAR 67.2 million compared to SAR 38.9 million for the same period of 2011, representing an increase of 72.8%. The main reason for the increase in net income for the twelve months ended December 31, 2012 compared to the same period of 2011 is mainly attributable to the capital gain and including the financial results of the second half of 2011 of the acquired company in the company's interim consolidated financial statements.