AFG International Co. — Earnings Release 2012

Apr 16, 2012

FAWAZ ABDULAZIZ ALHOKAIR & CO. ANNOUNCES ITS INTREM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/03/2012 (TWELVE MONTHS)

4240 · 16/04/2012 16:19:03 · Announcement #25222 · View on Saudi Exchange

FAWAZ ABDULAZIZ ALHOKAIR & CO. ANNOUNCES ITS INTREM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/03/2012 (TWELVE MONTHS)

1. For the fourth quarter ended 31 March 2012, Alhokair net profit of SAR87.32 M, an increase of 57.7% compared to the same period last year SAR 55.36 m , and an increase of 14% compared to 3rd quarter ended 31 December 2011 SAR 76.5 m

2. The gross profit for fourth quarter ended 31 March 2012 amounted to SAR 305.9 m, an increase of 19% compared to the same period last year SAR 256.33M.

3. The operating profit for the for fourth quarter ended 31 March 2012 amounted to SAR 65.16 m, an increase of 82 % compared to the same period last year SAR 35.81 m.

4. The net profit for the twelve months ended 31March 2012 is SAR 447.38 M, an increase of 41.8 % compared to the same period last year SAR 315.47M.

5. The earnings per share (EPS) for the twelve months ended 31 March 2012 is SAR 6.39 compared the same period last year (SAR 4.51).

6. The gross profit for the twelve months ended 31 March 2012 is SAR 1,447.36 m, an increase of 27.05% compared to the same period last year SAR 1,139.13 m.

7. The operating profit for the twelve months ended 31 March 2012 amounted to SAR 425.48 m, an increase of 62.4% compared to the same period last year SAR 261.93 m.

The increase in gross profit in the twelve months compared with the same period last year is due to 17 % increase in sales of the same stores (like for like), and the success of company to open 255 stores during the year . The company has maintained operating expenses controlled which has positively impacted the net profit.

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