18 Hrs
Source:
الاقتصادية
Almarai's Q2 profits rise slightly amid costs
Almarai Company, the largest dairy and poultry company in the world, recorded a slight increase in its net profits during the third quarter of this year, rising by less than 1%, reaching 618 million riyals compared to 613 million riyals in the same period last year. The profits across different sectors of the company focused on higher earnings from dairy and juice segments, thanks to an improved sales mix, despite rising shipping and transportation costs. Meanwhile, profits in the meat sector declined due to market conditions and increased expenses. The company's quarterly revenues grew by 11.5% to 6.18 billion riyals, supported by increased sales across all markets and production sectors, despite pressures from mounting input costs, especially shipping and energy. Almarai reaffirms its commitment to supply chain efficiency and readiness to face operational challenges, continuing to support the region's food supply systems.
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