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FINANCIAL NEWS
Saudi Almarai’s Q3 consolidated net profit up 1.2% to USD114.5m
09 Oct 2011
(MENAFN) Almarai Company said that in the third quarter, the company’s consolidated net profit grew 1.2 percent from last year’s USD113 million to USD114.5 million, reported Arab News.
The company added that in the period, total gross profit rose 9.4 percent to USD232 million compared with USD212 million in the same period a year ago, on the other hand, operating profit for the quarter went up 0.5 percent to USD127 million from USD126 million in 2010.
It also said that in the January-September period, consolidated net profit went up 1.3 percent from last year’s same period to USD269 million, whereas total gross profit surged 9.9 percent to USD605 million.
It is worth noting that in 2011’s first nine months, Almarai capital expenditure reached USD586 million.
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