The company’s net income for the second quarter of FY 2011 came to SR73.6 million compared to SR58.3 million achieved in the second quarter of FY 2010 reflecting an increase of 26.2 percent.

The latest figure is an increase of 119.1 percent from the SR33.6 million net income, achieved in the first quarter of 2011.

Gross profit for the second quarter of FY 2011 reached SR166.3 million compared to SR125.4 million achieved in the second quarter of FY 2010, reflecting an increase of 32.6 percent, according to a statement posted on the Tadawul website.

The company’s operating profits for the second quarter of FY2011 came to SR88.1 million compared to SR70.5 million achieved in the second quarter of FY 2010, reflecting an increase of 25 percent.

Net profits for the first six months of FY 2011 reached SR107.2 million compared to SR77.6 million achieved in the first six months of FY2010, reflecting an increase of 38.2 percent.

Earnings per share (EPS) for the first six months of FY 2011 reached to SR3.06 compared to SR2.22 achieved in the first six months of FY2010

Gross profit for the first six months in FY 2011came to SR260.8 million compared to SR195.1 million achieved in the first six months of FY 2010 reflecting an increase of 33.7 percent.

Operating profit for the first six months in FY 2011 came to SR127.9 Million compared to SR101.3 million achieved in the first six months of FY 2010 reflecting an increase of 26.3 percent.

The overall increases in profit reported for Q2 and first six months of FY 2011 compared to same periods of FY 2010 is due to overall sales increases by more than 58 percent and 52 percent respectively which reflected the company ability and its subsidiaries in meeting the growing local market demand and its requirements as well as increasing vastly its export sales of LG airconditioning products manufactured by subsidiary LG Shaker Company.

The company and its subsidiaries and affiliate companies are always striving to improve its competitive edge and advantages and elevate performances to expand its activities and general business operations to reach the highest consumer satisfaction levels and reach for them everywhere.