Almarai Co. — Earnings Release 2008

Apr 9, 2008

Almarai announces its consolidated financial results for the 1st quarter 2008.

2280 · 09/04/2008 09:16:07 · Announcement #12722 · View on Saudi Exchange

Almarai announces its consolidated financial results for the 1st quarter 2008.

Almarai Company generated in the 1st quarter 2008 a consolidated net profit of SAR 162.2 million, an increase of SAR 39.4 million or 32.0% compared to the same period last year (SAR 122.8 million). The consolidated net sales for the quarter amounted to SAR 1,119.1 million compared to SAR 806.9 million in 2007, which represents an increase of 38.7%. The consolidated operating profit also grew substantially by 34.5% to reach SAR 194.5 million versus SAR 144.6 million for the comparative period last year.

The earnings per share (EPS) for the period ended March 31, 2008 grew to SAR 1.49 compared to SAR 1.13 in the same period 2007.

This increased profit is the result of the company?s ability to increase its production and distribution facilities as per the company?s strategic plan.

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.