1) The consolidated net income amounted to SR 1.2 Billion, an increase of 35.6% compared to last year SR 886.7 Million.
2) Earnings per share (EPS) is SR 2.40, compared to SR 1.77 for last year.
3) Gross profit amounted to SR 3.97 Billion, an increase of 16.1% compared to the same period last year SR 3.42 Billion.
4) Operating profit amounted to SR 1.8 Billion, an increase of 20% compared to last year SR 1.5 Billion.
5) The increase in the Groups net income for the year ended Dec. 31, 2011, as compared to last year, attributed mainly to the turnaround in profitability of start-ups and overseas operations of Foods Sector, continued sales growth and increase market share in Retail Sector and capital gain of SR 153 million resulting from sale of two lands during 4th quarter 2011, impairment provisions taken during 2010 and Herfy IPO capital gain in Q1 2010. Revenues for the year ended Dec. 31, 2011 reached SR 25.2 Billion an increase of 20% compared to same period last year.
Dr. Abdulraouf Mannaa, Managing Director of Savola Group, would like to highlight that the net income of the Group for the year 2011 (before capital gain & exceptional items) reached SR 1.08 Billion, which is 15.8% higher than SR 933 Million achieved during last year, despite challenges in the overseas markets and substantial increase in raw material prices. Certain comparative figures have been reclassified to conform current year end presentation.
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