Abdullah Al Othaim Markets company announces the interim financial results for the period ending on 30-09-2013 (nine months)

Element

Current quarter

Similar quarter for previous year

% Change Current

Previous quarter

% Change Previous

Net profit (loss)

41.94

40.67

3.12

39.73

5.56

Gross profit (loss)

199.41

184.9

7.85

176.39

13.05

Operational profit (loss)

35.42

35.12

0.85

33.2

6.69

Element

Current period

similar period for previous year

% Change

Net profit (loss)

122.48

111.29

10.05

Gross profit (loss)

539.86

506.89

6.5

Operational profit (loss)

108.84

102.61

6.07

Earning or loss per share, Riyals

5.44

4.95

-

All figures are in (Millions) Saudi Arabia, Riyals

Element

Explaination

Reasons of increase (decrease) for quarter compared with same quarter last year

Sales growth of 6.3% in addition to the increase in the rent revenue.

Reasons of increase (decrease) for period compared with same period last year

Sales growth of 9.66% in addition to the increase in the rent revenue, the profits of the affiliate company and decrease in financing expenses.

Reasons of increase (decrease) for quarter compared with previous quarter

Sales growth of 2.75% and improvement in gross margin.

Reclassifications in quarterly financial results

Stores expenses were separated from cost of sales and classified with selling and distribution expenses, in addition to reclassifying rent revenue. Comparative figures have been reclassified accordingly to be consistent with the presentation of the current period.