Halwani Bros. Co. — Earnings Release 2012

Jan 12, 2013

HALWANI BROTHERS COMPANY ANNOUNCES ITS ESTIMATE FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 (12 MONTHS)

6001 · 12/01/2013 17:14:52 · Announcement #28179 · View on Saudi Exchange

HALWANI BROTHERS COMPANY ANNOUNCES ITS ESTIMATE FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 (12 MONTHS)

1-Halwani Bros achieved SR 25.4M net income in quarter four 2012 compared to SR 15.9M in the same quarter previous year with a growth of 59.7% and compared to SR 20.7M in quarter three 2012 with a growth of 22.7%.

2- Gross profit achieved SR 73.5M in quarter four 2012 compared to SR 55.4M in the same quarter previous year with a growth of SR 32.7%.

3-Operating profit achieved SR 31.9M in quarter four 2012 compared to SR 20.6M in the same quarter previous year with a growth of 54.9%.

4-The company achieved SR 87.0M net income for the twelve months ended 31/12/2012 compared to SR 80.5M same period previous year with a growth of 8.1%

5-Earnings per share for the twelve months ended 31/12/2012 reached SR 3.05 compared to SR 2.82 for the same period previous year

6-Gross profit achieved for the twelve months ended 31/12/2012 is SR 276.2M compared to SR 243.5M same period previous year with a growth of 13.4%.

7-Operating profit achieved for the twelve months ended 31/12/2012 is SR 118.9M compared to SR 104.5M same period previous year with a growth of 13.8%.

8-The main driver for net income growth in quarter four 2012 compared to the same period previous year is driven by sales growth that increased from SR 197.9M to SR 225.7M achieving 14% growth rate supported by the significant growth in the companys sales in Egypt

9- The main driver for the annual gross 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

10- The main driver for net income growth in quarter four 2012 compared to quarter three 2012 is driven by the gross profit growth of 8.4%

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