Abdullah Al Othaim Markets Co. — Earnings Release 2013

Feb 24, 2014

Abdullah Al Othaim Markets Company announces the annual financial results for the period ending on 31-12-2013

4001 · 24/02/2014 15:51:42 · Announcement #33430 · View on Saudi Exchange

Abdullah Al Othaim Markets Company announces the annual financial results for the period ending on 31-12-2013

Element	Current year	Previous year	% Change
Net profit (loss)	192.51	171.77	12.07
Earning or loss per share, Riyals	8.56	7.63	-
Gross profit (loss)	771.15	684.91	12.59
Operational profit (loss)	172.4	156.12	10.43

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	Sales growth of 11.6% and decrease in financing expenses, in addition to the increase in the rent revenue due to increase in leasable area.
Reclassifications in annual financial results	Stores expenses were separated from cost of sales and classified with selling and distribution expenses, in addition to reclassifying rent revenue. Comparative figures have been reclassified accordingly to be consistent with the presentation of the current period.

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