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FINANCIAL NEWS
Saudi Almarai’s profit grows by 18.6 percent
18 Jul 2016
(MENAFN) Almarai, the Gulf’s main dairy firm, posted an 18.6 percent increase in Q2 net profit, emphasizing the benefits of stronger sales and lower commodity prices.
Meanwhile, the company will continue to exercise caution on its cash-flow generation while focusing on its planned targets and enhance whole efficiency.
Additionally, the firm made a profit of USD167.7mn in the three months to June 30, up from USD141.31mn in the year-earlier period.
On the other hand, the firm’s sales grew by 10.3 percent, while the cost of sales increased at a lower rate than sales due to low commodity prices.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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