4003 · 07/07/2012 08:22:35 · Announcement #26321 · View on Saudi Exchange

United Electronics Company (Extra) announces the estimated financial results for the period ended 30/06/2012 (six months)

1 - The estimated net profit during the second quarter is 48.4 million, compared to 45.5 million for the same quarter last year with increase 6.4 % and versus 23.8 million for the previous quarter with an increase of 103.3%.

2 - The estimated gross profit during the second quarter is 131 million, compared to 119.4 million for the same quarter of last year with an increase of 9.7%.

3 The estimated operating profit during the second quarter is 49.7 million compared to 46.7 million for the same quarter last year with an increase of 6.3 %.

4 The estimated net profit during six months is 72.1million, compared to 64.5 million for the same period of last year with an increase of 11.8 % .

5-The estimated Earnings per share during six months is 3.08 SR / share versus 2.68 SR / share for the same period last year.

6 - The estimated gross profit during six months 243 million compared to 211 million for the same period of last year with an increase of 15.1%.

7 The estimated operating profit during the six months is 74 million, compared to 66.8 million for the same period of last year with an increase of 10.7%.

8 The estimated total sales of the second quarter is 726 million compared to 651 million for the same quarter of last year with an increase of 11.6%

9 The estimated total sales for the six months is 1,352 million compared to 1,127 million for the same period of last year with increase of 19.9%

10 The estimated increase in sales and profit is due to increasing stores from 19 in the second quarter of 2011 to 27 stores in the second quarter of 2012, in addition to the positive growth in the current stores during the first six months ended 30/06/2012.

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