SAUDI: Bakery, poultry boosts Almarai FY profit

By Michelle Russell | 21 January 2013

  • Net profit up 26%
  • Operating profit climbs 9.9%
  • Net sales grow 24.3%
Sales in Almarais bakery division increased 24%

Sales in Almarai's bakery division increased 24%

Saudi food group Almarai has booked an increase in full-year profits, boosted by sales of baked goods and poultry.

Earnings in the 12 months to the end of December climbed by 26% on the previous year, to SAR1.44bn (US$384m), the company reported at the weekend. Almarai said it recorded a strong performance in its bakery and poultry divisions.

Operating profit was up by 9.9% to SAR1.67bn, while net sales grew by 24.3% to SAR9.88bn.

Sales in the firm's bakery division increased by 24% to SAR1.29bn, while poultry sales jumped by 58% to SAR504.3m in the period.

Sectors: Dairy, Financials

Companies: Almarai

View next/previous articles

Currently reading -

SAUDI: Bakery, poultry boosts Almarai FY profit

There are currently no comments on this article

Be the first to comment on this article

Related research

Almarai Co Ltd in Packaged Food (United Arab Emirates)

Almarai is among the leading players in packaged food in the UAE and ranks first in dairy products. Having established a new subsidiary in the UAE in 2012, the company is expected to have an even stronger focus on the country with further product lau...

Almarai Co Ltd in Packaged Food (Saudi Arabia)

Almarai Co Ltd is set for consistent growth over the forecast period, given the company’s massive domestic production capabilities as well as world-class supply chain system. The company has been investing heavily in developing new products each year...

Dairy in Saudi Arabia

Dairy in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financ...

Related articles

SAUDI: Almarai H1 profits boosted by bakery, dairy

Saudi food group Almarai has said its first-half profits were boosted by higher sales from its bakery, dairy and juice businesses.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page