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Saudi-Almarai revenue grows by 4.7pct in Q1

24 Apr 2017

(MENAFN) Almarai net revenue increased to 4.7 percent in the first quarter of the year and by 2.1 percent in the other GCC nations, showing the resilience of the Almarai business.

Moreover, the total net sales number has been negatively influenced in Egypt by the devaluation of the Egyptian pound and the notable fall in exports to Iraq due to border closures.

In addition, the free cash flow enhanced by SR736mn from last year due to a stronger operating cash flow, plus SR256mn, combined with lower capital investments.

The firm will continue to focus on cost management without compromising its product quality, while it will continue to revive its product portfolio to offer the best choice to customers.

MENAFN2404201700450000ID1095414489

MENAFN2404201700450000ID1095414489

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