Almarai Co. — Earnings Release 2009

Oct 10, 2009

Almarai Company announces its financial results for the period ended 30 September 2009 (Nine Months)

2280 · 10/10/2009 08:41:12 · Announcement #16256 · View on Saudi Exchange

Almarai Company announces its financial results for the period ended 30 September 2009 (Nine Months)

Almarai Company (Almarai) today announced its interim consolidated financial results for the period ended 30 September 2009.

1) For the third quarter ended 30 September 2009 Almarai generated a consolidated net profit amounting to SAR 363.4 million an increase of 23.8%, compared to the same period last year (SAR 293.7 million) and an increase of 26.6% compared to the second quarter 2009 (SAR 287.1 million).

2) The total gross profit for the third quarter ended 30 September, 2009 amounted to SAR 697.6 million an increase of 21.8%, compared to the same period last year (SAR 572.9 million).

3) The operating profit for the third quarter ended 30 September 2009 amounted to SAR 413.9 million an increase of 26.0%, compared to the same period last year (SAR 328.5 million).

4) The consolidated net profit for the first nine months ended 30 September 2009 amounted to SAR 847.9 million an increase of 22.7% compared to the same period last year (SAR 691.1 million).

5) The earnings per share (EPS) for the nine months ended 30 September 2009 was SAR 7.78 compared to SAR 6.34 for the prior year.

6) The total gross profit for the first nine months ended 30 September 2009 amounted to SAR 1,797.2 million an increase of 19.5% compared to the same period last year (SAR 1,503.6 million).

7) The operating profit for the first nine months ended 30 September 2009 amounted to SAR 997.5 million an increase of 25.3% compared to the same period last year (SAR 796.2 million).

8) Turnover for the third quarter ended 30 September 2009 amounted to SAR 1,547.4 million an increase of 11.4% compared to the same period last year. (SAR 1,388.5 million).

9) Turnover for the first nine months ended 30 September 2009 amounted to SAR 4,320.6 million an increase of 15.1% compared to the same period last year. (SAR 3,755.1 million).

10) The increased profit is the result of the continued focus on meeting consumer demand.

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.