Savola Group — Earnings Release 2012

Jan 16, 2013

SAVOLA GROUP ANNOUNCES ITS INTERIM CONSILDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DEC. 2012 (TWELVE MONTHS)- (CONTINUED)

2050 · 16/01/2013 09:49:11 · Announcement #28277 · View on Saudi Exchange

SAVOLA GROUP ANNOUNCES ITS INTERIM CONSILDATED FINANCIAL RESULTS FOR THE PERIOD ENDED 31 DEC. 2012 (TWELVE MONTHS)- (CONTINUED)

Dr. Abdulraouf Mannaa, MD of Savola, declares that, the Group has recorded its highest ever net income before capital gains and exceptional items, both for the 4th Q and the full year, also he highlighted that the 4th Q 2012 net income of SR 413.4 M (before capital gain and exceptional items) is 9.3% higher than the announced forecast of SR 378 M. Also, 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 Capital Market (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.

Certain comparative figures have been reclassified to conform current quarter and year end presentation.

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