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10-Apr-2016

Al-Khodari to book gains of SAR15.1 million from sale of surplus equipment in 2Q2016

Abdullah A. M. Al-Khodari Sons (Al-Khodari) announced that the company had concluded its planned auction sale of surplus equipment during the period between 05 and 07 April. Total value of the gross sales totaled SAR38.5 million, while that of the gross profit totaled SAR15.1 million, which will be recorded in 2Q2016. Our numbers incorporate SAR49 million in non-operating income in 2016 (SAR48 million in 2015), whose biggest constituent are the gains from the auction sale of surplus equipment. The company has historically conducted two auctions per year. (Tadawul)   Abdullah A. M. Al-Khodari Sons Company: SAR12.55 as of 07 April 2016, Rating: Neutral, FV: SAR10.90 per share, MCap: USD178 million, ALKHODAR AB / 1330.SE

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