Almarai posts better-than-expected Q4 net income
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Almarai posts better-than-expected Q4 net income

Almarai posts better-than-expected Q4 net income

Saudi-based Almarai Co has said its fourth-quarter net profit rose 29.2%, beating analyst forecasts, Reuters has reported. The dairy and food producer made a net profit of SR369m ($98.4m) in the three months ending December 31, compared with SR285.5m in the same period a year earlier. Analysts have forecast the company would make SR320m.

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