Halwani Bros. Co. — Earnings Release 2011

Feb 19, 2012

Halwani Brothers company announces its yearend financial results for the period ended 31/12/2011

6001 · 19/02/2012 15:47:49 · Announcement #24155 · View on Saudi Exchange

Halwani Brothers company announces its yearend financial results for the period ended 31/12/2011

1-The business delivered net income for the year ended 31/12/2011 of SR 80.5M compared to SR 80.4M for previous year with a growth of 0.1%

2-Earnings per share for the year ended 31/12/2011 reached SR 2.82 compared to SR 2.81 for previous year

3-Gross profit for the year ended 31/12/2011 amounted to SR 243.5M compared to SR 238M for previous year with a growth of 2.3%.

4-Operating profit for the year ended 31/12/2011 amounted to SR 104.5M compared to SR 97.8M for previous year with a growth of 6.9%.

5-2011 minor profit growth is driven by sales revenue that increased from SR 732M last year to SR 813.6M in 2011 achieving a growth rate of 11.1%, taking in consideration the significant increase of main raw materials prices used in production processes while maintaining finished products selling prices in the Saudi market which affected gross and operating margins in addition to sales revenue slow down of the subsidiary company in Egypt affected by the political and economical situation specially in quarter four.

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.