Saudi's Almarai Q1 Profit Gains 12% On Higher Sales - Gulf Business
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Saudi’s Almarai Q1 Profit Gains 12% On Higher Sales

Saudi’s Almarai Q1 Profit Gains 12% On Higher Sales

The firm made a profit of SAR306.5 million ($81.7 million) during the first quarter of 2015.

Saudi Arabia’s Almarai, the Gulf’s largest dairy firm, reported a 12 percent rise in first-quarter net profit on Monday on higher sales.

The firm made a profit of SAR306.5 million ($81.7 million) in the three months to March 31, up from SAR273.6 million in the year-earlier period, according to a bourse statement.

First-quarter sales rose 11.7 per cent year on year to SAR3.04 billion, it added.

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