4 Hrs
Source:
الاقتصادية
Almarai Q1 profits rise modestly
Almarai Company of Saudi Arabia achieved a slight increase in its net profits during the third quarter of this year, with an increase of less than 1%, reaching 618 million riyals compared to 613 million riyals in the same period last year. The profits were recorded despite rising shipping costs for feed and transportation due to increased energy expenses. The company's sectors showed mixed performance, with profits in dairy, juices, and baked goods increasing, while protein profits declined due to poultry market conditions and transportation costs. Quarterly revenues amounted to 6.18 billion riyals, reflecting an 11.5% increase, with sales across all markets and categories growing, supported by expanded production and growth through acquisitions, despite pressures from rising input costs. The company remains committed to providing its products and maintaining supply chain continuity, with effective risk management, and aims to strengthen its position as a leading global dairy and poultry company.
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