Abdullah Al Othaim Markets Co. — Earnings Release 2012

Feb 25, 2013

Abdullah Al Othaim Markets Company Announces its annual financial consolidated results for the fiscal year ended 31/12/2012

4001 · 25/02/2013 09:22:46 · Announcement #29217 · View on Saudi Exchange

Abdullah Al Othaim Markets Company Announces its annual financial consolidated results for the fiscal year ended 31/12/2012

1)Net profit for the period amounted to SR 171.8 M, against SR150.1 M last year, with growth ratio of 14.4 %.

2)Earnings per share were SR 7.63, against SAR 6.67 for last year.

3)Gross profit amounted to SR 325.2 M, against SR 323.1 M for last year, with growth ratio of 0.65%.

4)Operating profit amounted to SR 156.1 M, against SR 157.6 M last year, with decline ratio of 0.9%.

5)The Increase in the Company's net profit for the year ended 31/12/2012 compared to the year 2011 was mainly due to increase in the company's share in the profits of the affiliate company, in addition to that, other expenses for last year 2011 included some non-recurring expenses which is not existing in the current year, mainly, two-month salary for Saudi staff.

6)The Auditors report " included an emphasis of a matter about note No. (6) accompanied with the consolidated financial statements, which draws attention that the Companys subsidiaries did not engage in any commercial activities during the year 2011, therefore , they were not consolidated for that year.

Certain comparative figures have been reclassified to be consistent with the presentation of the current year.

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.