Almarai Co. — Earnings Release 2009

Jan 20, 2010

Almarai announces its audited consolidated financial results for the year ended 31 December 2009 (Twelve Months)

2280 · 20/01/2010 08:57:52 · Announcement #16995 · View on Saudi Exchange

Almarai announces its audited consolidated financial results for the year ended 31 December 2009 (Twelve Months)

Almarai Company (Almarai) announces its audited consolidated financial results for the year ended 31 December 2009.

1) For the fourth quarter ended 31 December 2009 Almarai generated a consolidated net profit amounting to SAR 248.8 million, an increase of 13.5%, compared to the same period last year (SAR 219.2 million) and a decrease of 31.5% compared to the third quarter 2009 (SAR 363.4 million).

2) The total gross profit for the fourth quarter ended 31 December 2009 amounted to SAR 568.6 million, an increase of 14.8%, compared to the same period last year (SAR 495.3 million).

3) The operating profit for the fourth quarter ended 31 December 2009 amounted to SAR 281.4 million compared to the same period last year (SAR 264.8 million), an increase of 6.3%.

4) The consolidated net profit for the twelve months ended 31 December 2009 amounted SAR 1096.7 million, an increase of 20.5% compared to the same period last year (SAR 910.3 million).

5) The earnings per share (EPS) for twelve months ended 31 December 2009 was SAR 9.95 compared to SAR 8.35 for the prior year (Earning per share have been calculated for 2009 based on 109 million share).

6) The total gross profit for the twelve months ended 31 December 2009 amounted to SAR 2365.8 million, an increase of 18.4% compared to the same period last year (SAR 1,999 million).

7) The operating profit for the twelve months ended 31 December 2009 amounted to SAR 1278.9 million, an increase of 20.5% compared to the same period last year (SAR 1, 061.0 million).

8) Turnover for the fourth quarter ended 31 December 2009 amounted to SAR 1,548.2 million, an increase of 21.5% compared to the same period last year. (SAR 1,274.8 million).

9) Turnover for the twelve months ended 31 December 2009 amounted to SAR 5,868.8 million, an increase of 16.7% compared to the same period last year. (SAR 5,029.9 million).

10) This performance is, primarily, the result of increased sales and improved market share across all sectors. Enhanced operational efficiencies, as a result of the companys continuing investments, and the continued focus on diversifying markets and sources of income, also played an important role.

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.