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Saudi's Almarai Q3 Profit Rises 24 Pct - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Saudi Arabia’s Almarai Co, the Gulf’s largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit despite a slowdown in sales.

Third-quarter net profit was 363.4 million riyals compared with 293.7 million riyals in the same period a year ago, the firm said in a statement on the bourse website.

Sales growth during the third quarter stood at 11.4 percent against 16 percent during the second quarter.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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