• 6M profits up on higher sales and lower costs
  • 6M Net profit up 18.4%
  • Sales lifted by growth in all segments, poultry losses decrease

Saudi Arabian food group Almarai has reported a jump in sales and profits for the first half of the year.

Net profit rose 18.4% to SAR706.8m (US$188.4m) for the six months ended 30 June as a result of sales growth and lower cost of sales.

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Operating income was up to SAR1.01bn against SAR829.3m for the period. Sales grew 11.3% to SAR6.7m.

For the second quarter, net profit increased 22.4% to SAR530.4m. Operating profit was up 23.8% to SAR638.7m.

Sales overall were up 11% lifted by growth in all segments and lower losses in poultry.

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