Almarai Co. — Interim / Quarterly Report 2012

Jul 7, 2012

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

2280 · 07/07/2012 09:50:49 · Announcement #26328 · View on Saudi Exchange

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

8) Turnover for the second quarter ended 30 June 2012 amounted to SAR 2,524.1 million, an increase of 25.4% compared to the same period last year (SAR 2,012.9 million).

9) Turnover for the first six months ended 30 June 2012 amounted to SAR 4,564.5 million, an increase of 21.5% compared to the same period last year (SAR 3,756.4 million).

10) The reason for sales growth during the quarter relative to the same period last year is sales growth in all sectors, especially bakery and poultry due to further product development and continuous improvement of services to our customers.

In addition to organic growth, Almarai has fully consolidated IDJ for the first time as a result of Almarai now holding a majority shareholding following the increase of share capital of IDJ (refer announcement dated 28th March 2012). Sales have increased by SAR 164.6 million as a result of this first time consolidation.

The reason for the growth of sales and profits of the second quarter compared to first quarter of this year is the reasons mentioned above as well as the seasonal impact experience every year.

) Have been reclassified some comparative figures(

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