Almarai Co. has said that its profits in the first quarter of this year rose as investments in productivity and efficiency began to pay dividends.
Go deeper with GlobalData
Net profit for the three months to 31 March rose 32.1% to SAR162.2m (US$43.3m), the company said in its quarterly statement released to the Saudi bourse.
Turnover was up 38.7% to SAR1.12bn and operating profit increased 34.5% to SAR194.5m.
“This rise is due to investments by the company to increase its capacities and its competitiveness,” Almarai said.
Last year Almarai said it will invest SAR4.7bn in the five years to 2011 to boost its food businesses in the Gulf.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
