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FINANCIAL NEWS
Saudi Almarai revenues to raise by 10% in Q3
10 Oct 2016
(MENAFN) Saudi-based Almarai gained a net profit of SR654.6 million during Q3 and to increase by 10% from the previous time of the year.
Accordingly, the rose in net profits mostly happened because of a 2.5% push in sales in the main sector including dairy, juice and bakery.
Never the less, the rate of sales was down by 1.1% mainly due to better cost management and improved production effectiveness and nonstop drop of in-puts costs.
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