United Electronics Company provided earnings guidance for the second quarter and six months ending June 30, 2013. For the quarter, the company expects net profit of SAR 53.3 million, compared to SAR 48.4 million for the same quarter in 2012, an increase of 10.12%. Comparing the second quarter of 2013 with the previous quarter, eXtra reported an increase in estimated net profit of 103.44%, from SAR 26.2 million to SAR 53.3 million. The increase was due to the seasonal effect and the tenth Year Anniversary event that took place during the second quarter of 2013. The company expects total sales of SAR 971 million, compared to SAR 726 million for the same quarter of last year, an increase of 33.7%.

For the six months, the company expects net profit of SAR 79.5 million, compared to SAR 72.1 million for the same period of 2012, an increase of 10.26%. The company expects earnings per share of SAR 2.65, compared with SAR 2.4 for the same period of last year. The company expects total sales of SAR 1,695 million, compared to SAR 1,352 million for the same period of 2012, an increase of 25.4%. The increase in estimated net profit and estimated total sales in the second quarter of 2013 compared to the same period of last year was due to the increase in all categories sales, the same stores positive growth, coupled with the increase in the number of the stores from 27 to 35.