Kingdom Holding Co. — Earnings Release 2012

Oct 22, 2012

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2012 (nine months)

4280 · 22/10/2012 08:09:05 · Announcement #27503 · View on Saudi Exchange

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2012 (nine months)

Kingdom Holding Company announces the interim consolidated financial results for the period ended 30/09/2012:

1. Q3 Net income was SR 217.8 million compared to the net income of SR 197.7 million for the same quarter in 2011, representing an increase of 10.2 %, and compared to the net income for the last quarter of SR 178.9 million, an increase of 21.7%.

2. Q3 Gross profit was to SR 285.1 million compared to the same quarter in 2011 of SR 359.4 million, a decrease of 20.7%.

3. Income from operations for Q3 was SR 317.8 million compared to SR 304.5 million for the Q3 in 2011, an increase of 4.4%.

4. Net income for the nine months period amounts to SR 497.5 million compared to the net income of SR 451.8 million for the same period in 2011, an increase of 10.1%.

5. Earnings per share for the nine months period, amounted to SR 0.13 compared to SR 0.12 for the same period in 2011. Note that the earnings per share computation for the two periods were made by dividing the number of current weighted average of outstanding shares by 3,706 million shares.

6. Gross profit for the nine months period was SR 798.2 million, compared to SR 870.7 million for the same period in 2011, a decrease of 8.3%.

7. Income from operations for the nine months period was SR 826.8 million, compared to SR 791.2 million for the same period in 2011, an increase of 4.5%.

8. The reason for the change in net profit for the period and an increase in the companys income is due to income of real estate investments, dividends from investments in financial markets, improvement of performance from associate companies and reversal of impairment loss despite the low performance of international hotel companies as a result of current events in the Middle East. Please note that some figures were adjusted for comparison periods.

9. The increase in net income for the third quarter is due to income of real estate investments, dividends from investments in financial markets, improvement of performance from associate companies and reversal of impairment loss despite the low performance of international hotel companies as a result of current events in the Middle East

10. The reason for the decrease in total revenue and total costs and expenses is due to a change in reporting for our investment in Trade Centre Company Ltd (TCCL), from consolidated method to the equity method made in the second quarter of 2011.

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.