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10/04/2013 09:02 AST
HALWANI BROTHERS COMPANY ANNOUNCES ITS ESTIMATE FINANCIAL RESULTS FOR THE PERIOD ENDED 31/3/2013 (3 MONTHS)
1-Halwani Bros achieved SR 30.9M net income in quarter one 2013 compared to SR 18.1M in the same quarter previous year with a growth of 70.7% and compared to SR 25.4 in quarter four 2012 with a growth of 21.7%
2- Gross profit achieved SR 86.4M in quarter one 2013 compared to SR 66.5M in the same quarter previous year with a growth of SR 29.9%
3-Operating profit achieved SR 39.8M in quarter one 2013 compared to SR 26M in the same quarter previous year with a growth of 53.1%
4-Earnings per share for the three months ended 31/3/2013 reached SR 1.08 compared to SR 0.63 for the same period previous year
5-The main driver for net income growth in quarter one 2013 compared to the same period previous year is driven by sales growth of SR 250M vs. SR 216.7M in quarter one 2012 achieving 15.4% growth rate as well as improved margins as a result of the ongoing cost saving initiatives to offset the raw & packing materials price increases and minimize potential finished product price increase to the consumer
6-The main driver for net income growth in quarter one 2013 compared to quarter four 2012 is driven by the gross profit growth of 17.6% that drives margin improvement by 2%
Tadawul
14/01/2016
Net profit of Halwani Brothers Co. (HB) during the 4th Q 2015 amounted to SAR 38.7 million versus SAR 23.6 million for the same quarter of last year with an increase of 63.98%, compared to SAR 27.4 m
GulfBase.com
14/01/2014
The net profit of Halwani Brothers Company (HB) during the 4th Q 2013 amounted to SAR 22.5 million versus SAR 25.4 million for the same quarter of last year with a decrease of 11.42 %, compared to SA
Gulfbase.com
24/12/2013
The Board of Directors of Halwani Bros has recommended the distribution of dividend to the shareholders for the year of 2013 according to the board meeting held on Monday 23/12/2013 as following:
Tadawul
| Ticker | Price | Change |
|---|---|---|
| FADECO | 70.00 | -1.50 (-2.10 |
| ALMARAI | 58.10 | 0.10 (0.17 |
| SAVOLAGROUP | 39.60 | 0.25 (0.63 |
| BALADY | 350.40 | -9.60 (-2.67 |
| SADAFCO | 330.00 | -0.80 (-0.25 |
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