Halwani Bros. Co. — Earnings Release 2013

Oct 7, 2013

HALWANI BROTHERS COMPANY ANNOUNCES ITS ESTIMATE FINANCIAL RESULTS FOR THE PERIOD ENDED 30/9/2013 (9 MONTHS)

6001 · 07/10/2013 15:40:44 · Announcement #32124 · View on Saudi Exchange

HALWANI BROTHERS COMPANY ANNOUNCES ITS ESTIMATE FINANCIAL RESULTS FOR THE PERIOD ENDED 30/9/2013 (9 MONTHS)

Element	Current quarter	Similar quarter for previous year	% Change current	Previous quarter	% Change previous
Net profit (loss)	17	20.7	-	21.9	-
Gross profit (loss)	60.2	67.8	-	72.8	-
Operational profit (loss)	26	30.4	-	31.3	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	Current period	Similar period for previous year	% Change
Net profit (loss)	69.9	61.6	13.47
Gross profit (loss)	219.5	202.7	8.29
Operational profit (loss)	98.5	87	13.22
Earning or loss per share, Riyals	2.45	2.15	-
All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year	Due to the increase of raw material prices
Reasons of increase (decrease) for period compared with same period last year	Due to sales growth where 2013 Turnover is SR 717M compared to SR 667M for the same period in 2012 that is equivalent to 7.5% growth which resulted in net profit growth of 13.5%
Reasons of increase (decrease) for quarter compared with previous quarter	Due to the continuous increase in raw material prices along with Turnover decline where Q3 2013 is SR 228M vs. to SR 239M in Q2 2013 equivalent to -4.6% decline behind annual seasonal impact, along with the local currency devaluation in the Egyptian Business Unit

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