Abdullah Al Othaim Markets Co. — Earnings Release 2013

Apr 20, 2013

Abdullah Al-Othaim Markets Company announces consolidated interim financial results for the period ended 31/3/2013 (three months)

4001 · 20/04/2013 09:08:03 · Announcement #30394 · View on Saudi Exchange

Abdullah Al-Othaim Markets Company announces consolidated interim financial results for the period ended 31/3/2013 (three months)

Abdullah Al-Othaim Markets Company announces consolidated interim financial results for the period ended 31/3/2013 (three months) :

1)Net profit for the 1st quarter amounted to SR 40.8 M, against SR 33.9 M for the corresponding quarter last year, with growth ratio of 20.5 % and against SR 60.5 M for the previous quarter with decline ratio 32.5%.

2)Gross profit for the 1st quarter amounted to SR 82.8 M, against SR 71.9 M for the corresponding quarter last year, with growth ratio of 15%.

3)Operating profit for the 1st quarter amounted to SR 40.2 M, against SR 32 M for the corresponding quarter last year, with growth ratio of 25.6%.

4)Earnings per share amounting to SR 1.81, against SR 1.5 for the corresponding period last year.

5)The increase in net profit of the first Q1/2013 against Q1/2012 was driven by sales growth of 9.2% from the existing stores and new stores, in addition to improvement in profit margin despite the increase in operating costs.

6)The decrease in the net profit of the first quarter 2013 against the previous quarter was mainly due to recognizing the targets incentives at the end of the year in addition to decrease the Company share in the profits of the affiliate company.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.