13 July 2011
Abdullah A. M. Al-Khodari Sons Company announces its interim financial statements for the period ended 30 June 2011 as follows:
1-Net profit during the second quarter of 2011 is SAR 42.64 million compared to the net profit of SAR 50.80 million for the same quarter of the last year with a decrease of 16.1 %, and compared to a net profit of SAR 39.23 million for the previous quarter with an increase of 8.7 %.
2-Gross profit during the second quarter of 2011 is SAR 60.14 million compared to SAR 66.09 million for the same quarter of the last year with a decrease of 9 %.
3-Operating profit during the second quarter of 2011 is SAR4 5.99 million compared to SAR 53.24 million for the same quarter of the last year with a decrease of 13.6 %.
4-Net profit during the Six Months of 2011 was SAR 81.87 million compared to SAR 89.41 million for the same period of the last year with a decrease of 8.4 %.
5-Earnings per share for the six months of 2011 is SAR 1.93 compared to SAR 2.10 for the same period of the previous year.
6-Gross profit during the Six Months of 2011 was SAR 118.93 million compared to SAR 122.22 million for the same period of the last year with a decrease of 2.7 %.
7-Operating profit during the Six Months of 2011 was SAR 88.98 million compared to SAR 93.89 million for the same period of the last year with a decrease of 5.2 %.
8-The reason for the decline in net profit in the second quarter of 2011, compared to the same period of the previous year is due to the varying margins of the recently awarded projects. In addition, the revenue from the trading activity in the second quarter of 2011 was lower than that of the second quarter of 2010.
Abdullah A. M. Al-Khodari Sons Company announces its interim financial statements for the period ended 30 June 2011 as follows:
1-Net profit during the second quarter of 2011 is SAR 42.64 million compared to the net profit of SAR 50.80 million for the same quarter of the last year with a decrease of 16.1 %, and compared to a net profit of SAR 39.23 million for the previous quarter with an increase of 8.7 %.
2-Gross profit during the second quarter of 2011 is SAR 60.14 million compared to SAR 66.09 million for the same quarter of the last year with a decrease of 9 %.
3-Operating profit during the second quarter of 2011 is SAR4 5.99 million compared to SAR 53.24 million for the same quarter of the last year with a decrease of 13.6 %.
4-Net profit during the Six Months of 2011 was SAR 81.87 million compared to SAR 89.41 million for the same period of the last year with a decrease of 8.4 %.
5-Earnings per share for the six months of 2011 is SAR 1.93 compared to SAR 2.10 for the same period of the previous year.
6-Gross profit during the Six Months of 2011 was SAR 118.93 million compared to SAR 122.22 million for the same period of the last year with a decrease of 2.7 %.
7-Operating profit during the Six Months of 2011 was SAR 88.98 million compared to SAR 93.89 million for the same period of the last year with a decrease of 5.2 %.
8-The reason for the decline in net profit in the second quarter of 2011, compared to the same period of the previous year is due to the varying margins of the recently awarded projects. In addition, the revenue from the trading activity in the second quarter of 2011 was lower than that of the second quarter of 2010.
© Tadawul 2011
