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Article: Al Othaim Q1 '09 net profit drops 30.4% Y/Y.(Financial report)
- Article from:
- ADP News Middle East & Africa
- Article date:
- June 10, 2009
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(ADP News) - Jun 10, 2009 - Saudi food and consumer products retailer and wholesaler Al Othaim Markets (SAU:4001) has registered a 30.4% year-on-year drop in its Q1 2009 net profit to SAR 16.4 million (USD 4.4m/EUR 3.1m) from SAR 23.5 million a year ago.
The operating profit stood at SAR 13.7 million, down 43.4% on the year.
The earnings per share (EPS) dropped to SAR 0.73 in the first three months of 2009 from SAR 1.04 in the same period of 2008.
Al Othaim Markets (www.othaimmarkets.com) is part of Al Othaim Holding, which also comprises Al Othaim Malls, Al Othaim ...