Almarai Co. — Earnings Release 2008

Jul 9, 2008

Almarai Company announces its financial results for the period ended 30 June 2008

2280 · 09/07/2008 09:29:42 · Announcement #13346 · View on Saudi Exchange

Almarai Company announces its financial results for the period ended 30 June 2008

In the 1st half of 2008 Almarai Company (Almarai) generated a consolidated net profit of SAR 397.4 million, an increase of SAR 109.3 million or 37.9% compared to the same period last year (SAR 288.1 million). The consolidated net profit for the quarter grew by 42.3% to SAR 235.2 million compared to the same period last year (SAR 165.3 million).

Sales for the period ended 30 June, 2008 amounted to SAR 2366.6 million compared to SAR 1712.7 million for same period last year, which represents an increase of 38.2%. The consolidated income from main operations also grew substantially by 39.3% to reach SAR 467.7 million versus SAR 335.7 million for the comparative period last year. The earnings per share (EPS) for the period ended 30 June, 2008 increased to SAR 3.65 compared to SAR 2.64 in the same period 2007. This performance is the result of the company?s plans to achieve continued growth in sales and profits.

In June 2008, the Board reviewed the company's five-year plan and expressed satisfaction with the progress towards achieving the goals of the plan. They also approved a capital investment plan estimated at SAR 6 billion for the period 2009 to 2013. This significant investment will further strengthen Almarai?s position in the GCC food market, as well as ensuring the Company?s continued strong profit growth and return on investment.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.