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Saudi’s Almarai Q2 Net Profit Up 1.8 Pct On The Year
The dairy firm made 349.2 million riyals ($93.12 million) during the second quarter, it said in a statement on Saudi Arabia's bourse website.
July 9, 2011 1:38 by p.deleon
Saudi Arabia’s Almarai Co said on Saturday its second quarter net profit rose by 1.8 percent compared to the same time last year.
The dairy firm made 349.2 million riyals ($93.12 million) during the second quarter, it said in a statement on Saudi Arabia’s bourse website.
“Considering the impact of these cost increases, Almarai is satisfied with the overall performance in the second quarter with continued sales growth and increased market share across all key product categories,” the firm said in the statement. ($1=3.750 Saudi Arabian Riyal) (Reporting by Amena Bakr; Editing by Martina Fuchs)