Al-Sorayai Group announces the annual financial results

18/02/2013 08:19 AST

Al Sorayai Trading And Industrial Group Co (Al-Sorayai Group) announces the annual financial results for the period ending 31-12-2012:

1. Net profit amounted to SAR 52.6 million as compared to SAR 35 million for last year with an increase of about 50%.

2. Earnings per share (EPS) amounted to SAR 1.75 as compared to SAR 1.17 for last year.

3. Gross profit amounted to SAR 256.3 million as compared to SAR 222 million for the last year with an increase of 15%.

4. Operating profit amounted to SAR 62.5 million as compared to SAR 47 million for last year with an increase of 33%.

5. Increase in Net Profit of this year compared to last year is due to the following:

a) The increased sales and improved margins.

b) The other income increased which was due to revenue from letting closed showrooms.


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