Banque Saudi Fransi Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
The company reported net income during twelve months of 2012 amounted to SAR 3.012 billion, an increase of 3.6% compared to SAR 2.91 billion for the same period last year. Total operating income was SAR 5,010 million, an increase of 9.3% compared to SAR 4.59 billion for the same period last year. The earnings per share were SAR 3.34 compared to SAR 3.22 for the same period last year. The reason for the increase in the net income for the twelve months ended December 31, 2012 and during fourth quarter of 2012 compared to the same period last year and third quarter of 2012 is due to an increase in total operating income.