Abdullah Othaim Markets Company announces interim financial results for the period ended 31/3/2012
1. Net profit for the first quarter was 33.9 million riyals, against 36.5 million riyals for the corresponding quarter of the previous year, with decline ratio of 7.2%, and against 36.5 million riyals for the previous quarter with decline ratio of 7.2%.
2. The gross profit for the first quarter was 71.9 million riyals, against 77.4 million riyals for the corresponding quarter of previous year, with decline ratio of 7.1%.
3. The operating profit for the first quarter was 32 million riyals, against 43.2 million riyals for the corresponding quarter of the previous year, with decline ratio of 25.8%.
4. Earnings per share for the first quarter was SAR 1.5, against SAR 1.62 for the same period of the previous year.
5. The major reason behind the decline in net profit for the first quarter of 2012 against the corresponding quarter of the previous year was the increase in staff cost which adversely affected net profit and operating profit.
Certain comparative figures have been reclassified to be consistent with the presentation of the current period.
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