Almarai Co. — Earnings Release 2012

Jul 7, 2012

Almarai Company announces its interim consolidated financial results for the period ended 30 June 2012 (Six Months)

2280 · 07/07/2012 09:51:14 · Announcement #26327 · View on Saudi Exchange

Almarai Company announces its interim consolidated financial results for the period ended 30 June 2012 (Six Months)

Almarai Company (Almarai) announced its interim consolidated financial results for the period ended 30 June 2012:

1) For the second quarter ended 30 June 2012 Almarai generated a consolidated net profit amounting to SAR 379.5 million, an increase of 8.7% compared to the same period last year (SAR 349.3 million) and an increase of 56.7% compared to the first quarter 2012 (SAR 242.1 million).

2) The total gross profit for the second quarter ended 30 June 2012 amounted to SAR 921.7 million, an increase of 18.7% compared to the same period last year (SAR 776.8 million).

3) The operating profit for the second quarter ended 30 June 2012 amounted to SAR 434.6 million, an increase of 7.1% compared to the same period last year (SAR 405.8 million).

4) The consolidated net profit for the first six months ended 30 June 2012 amounted to SAR 621.6 million, an increase of 6.4% compared to the same period last year (SAR 584.5 million).

5) The earnings per share (EPS) for the six months ended 30 June 2012 was SAR 1.55 compared to SAR 1.46 for the prior year. Note that the EPS calculation based of 400 million shares what was approve in the extraordinary general assembly meeting on 2nd of April 2012.

6) The total gross profit for the first six months ended 30 June 2012 amounted to SAR 1,629.0 million, an increase of 15.5% compared to the same period last year (SAR 1,411.0 million).

7) The operating profit for the first six months ended 30 June 2012 amounted to SAR 727.0 million, an increase of 4.3% compared to the same period last year (SAR 697.2 million). (Continue)

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