Al-Jouf Agricultural Development Co. — Earnings Release 2012

Jul 17, 2012

AL JOUF AGRECULTURAL DEVELOPMENT COMPANY (AL JOUF) ANNOUNCES ITS FINANCIAL RESULTS FOR THE PERIOD ENDED 30 JUNE 2012 (SIX MONTHES)

6070 · 17/07/2012 17:33:19 · Announcement #26460 · View on Saudi Exchange

AL JOUF AGRECULTURAL DEVELOPMENT COMPANY (AL JOUF) ANNOUNCES ITS FINANCIAL RESULTS FOR THE PERIOD ENDED 30 JUNE 2012 (SIX MONTHES)

Al jouf agricultural development company (Al jouf) announces its financial results for the period ended 30 June 2012 (six month's) as follow:

1)The net profit amounting to SAR 20.24 million, an increase of 33.8% compared to the same period last year (SAR 15.13 million) and an increase of 185.1 % compared to the first quarter 2012 (SAR 7.10 million).

2)The total gross profit for the second quarter ended 30 June 2012 amounted to SAR 27.24 million, an increase of 15.9% compared to the same period last year (SAR 23.51 million).

3)The operating profit for the second quarter ended 30 June 2012 amounted to SAR 18.91million, an increase of 21.8% compared to the same period last year (SAR 15.52million).

4)The consolidated net profit for the first six months ended 30 June 2012 amounted to SAR 27.33million, an increase of 29% compared to the same period last year (SAR 21.18 million).

5)The earnings per share (EPS) for the six months ended 30 June 2012 SAR 1.09 an increase of 29% compared to the same period last year ( SAR 0.85 )

6)The total gross profit for the first six months ended 30 June 2012 amounted to SAR 37.54 million, an increase of 22% compared to the same period last year (SAR 30.77 million)

7) The operating profit for the first six months ended 30 June 2012 amounted to SAR 21.90 million, an increase of 19.8% compared to the same period last year (SAR 18.28 million).

8)The Reason for the rise in net profits for the second quarter ended 30 June 2012 Result of the increase in sales value compared to the same period last year.

9)The Reason for the rise in net profits for the second quarter ended 30 June 2012 is the Result of the increase in sales value an increase of 185.1% (SAR 55.68 million) compared to the first quarter 2012 (SAR 36.23million)

10)The Reason for the rise in net profits for the first six months ended 30 June 2012 is the Result of the increase in sales value (SAR 91.9 million) compared to the same period last year (SAR 65.8million) Although increasing the cost of some products

11) There are SAR 5.28 million in profit for the first six months ended 30 June 2012 is the capital profits.

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