Almarai Co. — Earnings Release 2009

Jul 8, 2009

Almarai Company announces its financial results for the period ended 30 June 2009 (Six Months).

2280 · 08/07/2009 08:56:46 · Announcement #15826 · View on Saudi Exchange

Almarai Company announces its financial results for the period ended 30 June 2009 (Six Months).

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

1) For the second quarter ended 30 June 2009 Almarai generated a consolidated net profit amounting to SAR 287.1 million an increase of 22.1%, compared to the same period last year (SAR 235.2 million) and an increase of 45.5% compared to the first quarter 2009 (SAR 197.4 million).

2) The total gross profit for the second quarter ended 30 June, 2009 amounted to SAR 591.3 million an increase of 14.9%, compared to the same period last year (SAR 514.5 million).

3) The operating profit for the second quarter ended 30 June 2009 amounted to SAR 335.4 million an increase of 22.8%, compared to the same period last year (SAR 273.2 million).

4) The consolidated net profit for the first six months ended 30 June 2009 amounted to SAR 484.5 million an increase of 21.9% compared to the same period last year (SAR 397.4 million).

5) The earnings per share (EPS) for the six months ended 30 June 2009 was SAR 4.44 compared to SAR 3.65 for the prior year.

6) The total gross profit for the first six months ended 30 June 2009 amounted to SAR 1,099.6 million an increase of 18.1% compared to the same period last year (SAR 930.8 million).

7) The operating profit for the first six months ended 30 June 2009 amounted to SAR 583.6 million an increase of 24.8% compared to the same period last year (SAR 467.7 million).

8) Turnover for the second quarter ended 30 June 2009 amounted to SAR 1,447.1 million an increase of 16.0% compared to the same period last year. (SAR 1,247.5 million).

9) Turnover for the first six months ended 30 June 2009 amounted to SAR 2,773.2 million an increase of 17.2% compared to the same period last year. (SAR 2,366.6 million).

10) The increased profit is the result of the success of the company's policies, investment plans and to expand the customer base.

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.