Almarai Co. — Interim / Quarterly Report 2012

Oct 8, 2012

Almarai Company announces its interim consolidated financial results for the period ended 30 September 2012 (Nine Months) (Continue)

2280 · 08/10/2012 08:34:12 · Announcement #27173 · View on Saudi Exchange

Almarai Company announces its interim consolidated financial results for the period ended 30 September 2012 (Nine Months) (Continue)

7) The operating profit for the first nine months ended 30 September 2012 amounted to SAR 1,235.6 million, an increase of 5.2% compared to the same period last year (SAR 1,174.2 million).

8) Turnover for the third quarter ended 30 September 2012 amounted to SAR 2,673.0 million, an increase of 27.0% compared to the same period last year (SAR 2,105.3 million).

9) Turnover for the first nine months ended 30 September 2012 amounted to SAR 7,237.5 million an increase of 23.5% compared to the same period last year (SAR 5,861.7 million).

10) The reason for higher sales and profit growth during the third quarter of this year compared to the last year is the strong performance in all sectors, especially bakery and poultry, as well as the consolidation of IDJ for this period.

The reason for the growth of profit and sales of the third quarter compared to second quarter of this year is the seasonal impact of summer and the holy month of Ramadan in addition to the reasons described above.

The net profit growth in the third quarter compared to the last year is due to the business and sales growth in general as mention above, but it has been reduced by continuous high material costs resulting from on-going erratic commodity prices, and also persistent increase in overhead costs due to the expansion in new projects.

The company believes that this performance, taking into consideration the foregoing satisfactory

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