Halwani Bros. Co. — Earnings Release 2012

Feb 23, 2013

HALWANI BROTHERS COMPANY ANNOUNCES ITS YEAREND FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012

6001 · 23/02/2013 16:00:33 · Announcement #29095 · View on Saudi Exchange

HALWANI BROTHERS COMPANY ANNOUNCES ITS YEAREND FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012

1.Halwani Bros delivered SR 87.0M net income for the year ended 31/12/2012 compared to SR 80.5M in the previous year with a growth of 8.1%

2.Earnings per share for the year ended 31/12/2012 reached SR 3.05 compared to SR 2.82 in the previous year

3.Gross profit for the year ended 31/12/2011 is SR 277.7M compared to SR 243.5M in the previous year with a growth of 14.0%.

4.Operating profit for the year ended 31/12/2011 is SR 118.8M compared to SR 104.5M in the previous year with a growth of 13.7%.

5.The main driver for the annual profit growth in 2012 vs. 2011 is driven by 2012 sales growth of SR 892.2M vs. SR 813.6M in 2011 achieving 9.7% growth rate as well as the continuous effort in cost saving program to offset the raw & packing materials price increases and minimize/eliminate any potential finished product price increase to the consumer

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