Abdullah Al Othaim Markets Co. — Earnings Release 2015

Jan 21, 2016

Abdullah Al Othaim Markets Company announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

4001 · 21/01/2016 08:48:02 · Announcement #40945 · View on Saudi Exchange

Abdullah Al Othaim Markets Company announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	89.23	74.23	20.21	37.09	140.58
Gross profit (loss)	316.73	252	25.69	221.39	43.06
Operational profit (loss)	85.27	73.59	15.87	32.27	164.24
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	230.88	214.78	7.5
Gross profit (loss)	998.47	871.13	14.62
Operational profit (loss)	209.77	202.54	3.57
Earning or loss per share, Riyals	5.13	4.77	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Growth in sales from existing and new branches by 18.69%, in addition to increase in rent revenue and profits from investments.
Reasons of increase (decrease) for period compared with same period last year	Growth in sales from existing and new branches by 14.93 %, in addition to increase in rent revenue and profits from investments
Reasons of increase (decrease) for quarter compared with previous quarter	Growth in sales by 15.16% and increase in other operating income particularly the annual targets incentives calculated and recognized at the end of the fiscal year, which improved profit margin, in addition to increase in rent revenue by 25.26%
Reclassifications in quarterly financial results	Some comparative figures have been reclassified to be consistent with the presentation of the current period.

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