Almarai Co. — Earnings Release 2010

Oct 5, 2010

Almarai Company announces its financial results for the period ended 30 September 2010 (Nine Months)

2280 · 05/10/2010 09:27:40 · Announcement #19134 · View on Saudi Exchange

Almarai Company announces its financial results for the period ended 30 September 2010 (Nine Months)

Almarai Company (Almarai) today announced its interim consolidated financial results for the period ended 30 September 2010.

1) For the third quarter ended 30 September 2010 Almarai generated a consolidated net profit amounting to SAR 424.5 million, an increase of 16.8% compared to the same period last year (SAR 363.4 million) and an increase of 23.7% compared to the second quarter 2010 (SAR 343.1 million).

2) The total gross profit for the third quarter ended 30 September 2010 amounted to SAR 796.5 million, an increase of 14.2% compared to the same period last year (SAR 697.6 million).

3) The operating profit for the third quarter ended 30 September 2010 amounted to SAR 474.5 million, an increase of 14.7% compared to the same period last year (SAR 413.9 million).

4) The consolidated net profit for the first nine months ended 30 September 2010 amounted to SAR 1,001.7 million, an increase of 18.1% compared to the same period last year (SAR 847.9 million).

5) Earnings per share (EPS) for the nine months ended 30 September 2010 was SAR 8.71 (based on 115 million shares) compared to SAR 7.78 (based on 109 million shares) for the corresponding period last year.

6) The total gross profit for the first nine months ended 30 September 2010 amounted to SAR 2,067.6 million, an increase of 15.0% compared to the same period last year (SAR 1,797.2 million).

7) The operating profit for the first nine months ended 30 September 2010 amounted to SAR 1,140.3 million, an increase of 14.3% compared to the same period last year (SAR 997.5 million).

8) Turnover for the third quarter ended 30 September 2010 amounted to SAR 1,833.7 million, an increase of 18.5% compared to the same period last year (SAR 1,547.4 million).

9) Turnover for the first nine months ended 30 September 2010 amounted to SAR 5,132.1 million an increase of 18.8% compared to the same period last year (SAR 4,320.6 million).

10) These results reflect the success of Almarais expansion plans through diversifying into new product categories, continuing to develop new offerings and a continuous improvement of customer service, all aimed at satisfying all consumers of Almarai products.

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.