Abdullah Al Othaim Markets company announces the consolidated interim financial results for the period ended 31/12/2012 (twelve months)

Monday, 21 January 2013

Abdullah Al Othaim Markets Company Announces the consolidated interim financial results for the period ended 31/12/2012
1.Net profit for the Q4 2012 , amounted to SR 60.5 M, and increase of 65.8% compared to the same quarter of last year SR 36.5 M, and increase of 48.7% compared to Q3 2012 SR 40.7 M.
2.The gross profit for the Q4 2012 amounted to SR 84.8 million, and increase of 4.4%. compared to the same quarter of last year SR 81.2 M,
3.The operating profit for the Q4 2012 amounted to SR 53.5 M, and increase of 40.3% compared to the same quarter of last year SR 38.1 M.
4.Net profit for the twelve-month Ended 31 Dec. 2012 amounted to SR 171.8 M, and increase of 14.4% compared to the same period last year SR 150.1 M.
5.Earnings per share for the twelve-month Ended 31 Dec. 2012 were SR 7.63 as compared to SR 6.67 for the same period of last year.
6.Gross profit for the twelve-month Ended 31 Dec. 2012 amounted to SR 314.2 M, decrease of 2.8% compared to the same period last year SR 323.1 M .
7.The operating profit for the twelve-month Ended 31 Dec. 2012 amounted to SR 156.1 M, decrease of 0.9% compared to same period of the last year SR 157.6 M.
8.The Increase in the Company's net profit for the Q4 of 2012 compared to the Same Q of the last year was driven by 6.5% growth in sales of existing and new branches, and decreasing selling and marketing expenses in addition to recording the company's share in the profits of the affiliate company which was not recorded in the Q4 of 2011 9.The Increase in the Company's net profit for the twelve-month of 2012 compared to the same period of the last year mainly due to increase in the company's share in the profits of the affiliate company, in addition to that, other expenses in the corresponding period include some non-recurring expenses which is not included in the current period, mainly, two-month salary for Saudi staff.
10.The Increase in the Company's net profit for the Q4 of 2012 compared to the previous Q of the same year mainly attributed to the increase in other operating income and particularly the targets incentives, which is calculated at year end. In addition to decrease in selling and marketing expenses as well as increase in the company's profits from the affiliate company.
11.Certain comparative figures have been reclassified to be consistent with the presentation of the current period.