Al-Jouf Agricultural Development Co. — Earnings Release 2011

Oct 17, 2011

AL-JOUF AGRICULTURAL DEVELOPMENT (ALJOUF) COMPANY ANNOUNCES ITS FINANCIAL RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER2011(NINE MONTHS)

6070 · 17/10/2011 16:37:22 · Announcement #22935 · View on Saudi Exchange

AL-JOUF AGRICULTURAL DEVELOPMENT (ALJOUF) COMPANY ANNOUNCES ITS FINANCIAL RESULTS FOR THE PERIOD ENDED 30 SEPTEMBER2011(NINE MONTHS)

FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2011 AL-JOUF AGRICULTURAL DEVELOPMENT COMPANY (AL-JOUF) ANNOUNCES ITS INTERIM FINANCIAL RESULTS :

1)The net profit for the third quarter ended 30 September 2011 amounted to SAR 29.31 million, an increase of 24% compared to the same period last year (SAR 23.58 million) and an increase of 93.7% compared to the last quarter 2011 (SAR 15.13 million).

2)The total gross profit for the third quarter ended 30 September 2011 amounted to SAR 45.22 million, an increase of 23% compared to the same period last year (SAR 36.70 million).

3)The operating profit for the third quarter ended 30 September 2011 amounted to SAR 30.40 million, an increase of 26.7% compared to the same period last year (SAR 23.98 million).

4)The consolidated net profit for the nine months ended 30 September 2011 amounted to SAR 50.48 million, an increase of 18% compared to the same period last year (SAR 42.73 million).

5)The earnings per share (EPS) for the nine months ended 30 September 2011 was SAR 2 compared to SAR 1.7 for the prior year.( An increase in capital to SR 250 million for 200 million the previous financial period)

6)The total gross profit for the nine months ended 30 September 2011 amounted to SAR 76 million, an increase of 13.3% compared to the same period last year (SAR 67.06 million)

7) The operating profit for the nine months ended 30 September 2011 amounted to SAR 48.68 million, an increase of 17.6 % compared to the same period last year (SAR 41.38 million).

8) Cause of high profits for the same period last year due to the increased value of sales for a period of the quarter to 100.53 million compared to SAR 84.41 million Saudi Riyals

9) Cause of high profits for the same period last year due to the increased value nine months to SAR 166.33 million compared to SAR 153.93 million Saudi Riyals for the same period last year.

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