Savola Group — Earnings Release 2012

Feb 16, 2013

THE SAVOLA GROUP ANNOUNCES ITS FINAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC. 2012

2050 · 16/02/2013 09:14:25 · Announcement #28907 · View on Saudi Exchange

THE SAVOLA GROUP ANNOUNCES ITS FINAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC. 2012

Savola announces its annual consolidated financial results for the year ended 31 Dec. 2012 as follows:

1) Net income for the year ended 31 Dec. 2012 amounted to SR 1.4 B, increase of 16.7% compared to last year SR 1.2 B.

2) Earnings per share for the year ended 31 Dec. 2012 were SR 2.80, as compared to SR 2.40 for last year.

3) Gross profit for the year ended 31 Dec. 2012 amounted to SR 4.76 B, increase of 19.9% compared to last year SR 3.97 B.

4) Operating profit for the year ended 31 Dec. 2012 amounted to SR 2.46 B, increase of 36.7% compared to last year SR 1.80 B.

5) The increase in the Group profits for the year ended 31 Dec. 2012 compared to last year is attributed mainly to the outstanding performance of its operations of Foods Sector and the continued growth of revenues, which reached SR 27.4 B compared to SR 25.2 B for the last year, increased market share in Retail Sector and capital gain of SR 47 M from sale of Emaar Economic City shares.

Dr. Abdulraouf Mannaa, MD of Savola, declares that, the Group has recorded its highest ever net income before capital gains and exceptional items, for the year ended 31 Dec. 2012. The net income of the Group for the year 2012 (before capital gain & exceptional items) reached SR 1.35 B, which is 2.3% higher than the revised forecast of SR 1.32 B which was announced on the Saudi Stock Exchange (Tadawul) on 16 October 2012 and 12.5% more than the original forecast of 1.2 B announced on Tadawul on 17 January 2012 despite challenges in the overseas markets.

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.