Browse
related articles
Almarai net income rise 4.7% in Q3
- Saudi Arabia: Wednesday, October 10 - 2012 at 02:36
Saudi dairy and food producer Almarai Co has reported a 4.7% increase in net profit in the third quarter of this year, Saudi Gazette has reported. The kingdom's largest-listed food company by market value said third-quarter earnings rose to SR450m ($120m) for the period ended September 30, compared with SR429.7m a year-ago. The increase in profits was hurt by "high material costs resulting from ongoing erratic commodity prices, and also persistent increase in overhead costs due to the expansion in new projects." Revenue for the quarter rose 27% to SR2.7bn from SR2.1bn a year-ago, helped by strong performance at its bakery and poultry unit, Almarai said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
