70 Days
Source:
الاقتصادية
Almarai faces costs during strategic rollout
The Saudi company Almarai's profits declined for the first time since 2021, despite an 11% increase in revenue to 5.87 billion riyals in the second quarter, supported by sales growth. However, net profit fell by 1.7% due to rising shipping and energy costs, which impacted profit margins. Additionally, free cash flow decreased significantly amid ongoing high capital expenditures, reflecting a challenge in translating sales growth into cash profits, despite a strong operational position and stable debt levels.
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