Food Products Company announces its interim financial results for the period ending 31 March 2013 (three months).
1. Net profit during the First Quarter was SR 1,268,794, compared to a net profit of SR 494,563 for the same quarter last year, resulting in an increase of 157 %. The same is compared to a net profit of SR 222,019 for the previous quarter, resulting in an increase of 471 %.
2. Gross profit during the First Quarter was SR 7,043,397, compared to SR 5,233,282 for the same quarter last year, resulting in an increase of 35 %.
3. Total operating profit for the First Quarter was SR 1,690,449 compared to SR 860,049 for the same quarter last year, an increase of 97 %.
4. Net earnings per share for the First Quarter was SR 0.063, compared to SR 0.025 for the same period last year.
5. The increase in the net profit of the First Quarter, compared to that of the same quarter last year is attributed to the increase of sales by 21 %.
6. The increase in the net profit of the First Quarter, compared to that of the previous quarter is attributed to the increase of sales by 30 %.
7. Tabulation of the financial results of the year 2012 has been amended to match that adopted for the First Quarter of 2013.
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