4003 · 17/07/2013 16:45:24 · Announcement #31651 · View on Saudi Exchange

United Electronics Company announces the interim financial results for the period ending on 30-06-2013 (Six Months)

Element Current quarter Similar quarter for previous year % Change current Previous quarter % Change previous
Net profit (loss)
53.3
48.4
10.12
26.2
103.44
Gross profit (loss)
160.3
131
22.37
126.7
26.52
Operational profit (loss)
54.9
49.7
10.46
27
103.33
All figures are in (Millions) Saudi Arabia, Riyals
Element Current period Similar period for previous year % Change
Net profit (loss)
79.5
72.1
10.26
Gross profit (loss)
287
243
18.11
Operational profit (loss)
81.9
74
10.68
Earning or loss per share, Riyals
2.65
2.4
-
All figures are in (Millions) Saudi Arabia, Riyals
Element EXPLAINATION
Reasons of increase (decrease) for quarter compared with same quarter last year Increase in all categories sales, the same stores positive growth, coupled with the increase in the number of the stores from 27 store on June 2012 to 35 store on June 2013
Reasons of increase (decrease) for period compared with same period last year Increase in all categories sales, the same stores positive growth, coupled with the increase in the number of the stores from 27 store on June 2012 to 35 store on June 2013
Reasons of increase (decrease) for quarter compared with previous quarter 10th Year Anniversary event that took place during the 2nd quarter in 2013.
Other notes The total sales for the second quarter is SR 971 m, an increase of 33.7% compared to the same period last year (SR 726 m) and the sales for the six month is SR1,695m, an increase of 25.4% to the same period Last year (SR1,352m). The reason of the increase in sales is due to the increase in all categories sales, the same stores positive growth, coupled with the increase in the number of the stores from 27 to 35. Earning per Share for the previous year has been modified after approval of capital increase from 24 to 30 million shares which has been approved on 01 april 2013 in the extraordinary General Assembly meeting.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.