For the fourth quarter ended 31st March 2013, ALHOKAIR achieved net profit of SR 135.87m an increase of 55.6 % compared to the same period last year SR 87.3 m. And an increase of 22.9 % compared to the previous quarter SR 110.5 m.
The gross profit for the fourth quarter ended 31st March 2013 amounted to SR 249.27 m. an increase of 41.3 % compared to the same period last year SR 176.3 m. The operating income for the fourth quarter ended 31st March 2013 amounted to SR 91.58 m. an increase of 20.4 % compared to the same period last year SR 76.04 m.
The net profit for the twelve months ended 31st March 2013 is SR 619.69 m., an increase of 38.5 % compared to the same period last year SR 447.38 m.
The Earnings Per Share (EPS) for the twelve months ended 31st March 2013 amounted to SR 8.85 compared to SR 6.39 for the same period last year.
The gross profit during the twelve months is SR 1,130.37 m an increase of 43 % compared to the same period last year SR 789.98 m.
The operating income during the twelve months is SR 583.93 m. an increase of 32.9 % compared to the same period last year SR 439.28 m.
The increase in net profit for the fourth quarter ended 31st March 2013 compared to the same period last year is due to the increase in the sales for the same stores and the successful opening of new stores, introducing new concepts & brands, the consolidation of the results of the acquired business Nesk trading projects LLC.
The increase in net profit for the twelve months of year 2013 compared to the same period last year is due to the increase of the sales for the same stores and the successful opening of new stores, introducing new concepts & brands, the consolidation of the results of the acquired business Nesk trading projects LLC. and the international expansions
The increase in the net profit for the 4th quarter compared to the previous quarter of this year is due to the increase in other income mainly from foreign exchange gains and capital gains related to international investment.
Starting the second quarter this year the company has applied the direct cost method by calculating the gross profit after deducting all stores direct cost, the new presentation support the company directions of controlling total cost at store level and relate the same to sales, to implement the direct cost certain items of income statement has been reclassified
