Abdullah Al Othaim Markets Co. — Earnings Release 2014

Jul 21, 2014

Abdullah Al Othaim Markets Company announces the interim financial results for the period ending on 30-06-2014 (Six Months)

4001 · 21/07/2014 08:11:36 · Announcement #35268 · View on Saudi Exchange

Abdullah Al Othaim Markets Company announces the interim financial results for the period ending on 30-06-2014 (Six Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	51.78	39.73	30.33	46.47	11.43
Gross profit (loss)	219.39	176.39	24.38	204.66	7.2
Operational profit (loss)	49.45	33.2	48.95	42.68	15.86
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	98.25	80.54	21.99
Gross profit (loss)	424.05	340.45	24.56
Operational profit (loss)	92.13	73.42	25.48
Earning or loss per share, Riyals	2.18	1.79	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Sales growth from existing and new branches by 30.2%, which was, mainly, due to Ramadan season sales, which were fully included in the second quarter of this year, while they were split last year between the second and the third quarters.
Reasons of increase (decrease) for period compared with same period last year	Sales growth by 22.6%, which was, mainly, due to Ramadan season sales, which were fully included in the second quarter of this year, while it was split last year between the second and the third quarters.
Reasons of increase (decrease) for quarter compared with previous quarter	Sales growth by 23.6%, which was, mainly, due to Ramadan season sales, which were included in the second quarter.
Other notes	Earnings per share for the first six months of 2013 were restated to SR 1.79, so as to reflect the increase in the Company capital from 22.5 million shares to 45 million shares according to approval of the extraordinary general assembly held on April 6, 2014.

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