Saudi fashion retail giant Fawaz A. Alhokair and Co. (SJSC), saw its third quarter net profits ended Dec. 31, 2012 increase to SR 110.49 million, up 44.4 percent compared to the same period last year SR 76.49 million. This is a decrease of 56.2 percent compared to the second quarter SR 252.43 million.

The gross profit for the third quarter ended 31 December 2012 reached SR 263.86 million, an increase of 69.6 percent compared to the same period last year SR 155.54 million. Operating income for the third quarter was SR 117.28 million, an increase of 60.8 percent compared to the same period last year SR 72.94 million.

The cumulative net profit for the nine months ended 31 December 2012 was SR 483.82 million., an increase of 34.4 percent compared to the same period last year SR 360.06 million, and contributed to an Earning per Share of SR 6.91 compared to SR 5.14 for the same period last year.

The gross profit during for the nine months ended December 31 2012 amounted to SR 881.09 m, up 38.7 percent compared to the same period last year SR 635.05 million, and the operating profits for the same period reached SR 492.35 million, achieving an increase of 30.2 percent compared to the same period last year.

Fawaz A Alhokair & Co. manages some of the best-known brands in the Kingdom, including Zara, Marks & Spencer, Gap, Aldo, The Children's Place, Lasenza.

Fawaz A. Alhokair and Co. CEO Simon Marshall said: "Our expansion strategy across brand acquisitions and new store introductions has allowed us to keep our offerings to our customers up to date with the latest fashions. We continue to provide an unparalleled shopping experience across our outlets."