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Almarai Has Booked an Increase in Full-Year Profits

Add date: 2016-11-25 Hits:39

Core prompt: 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 t

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

Bakery, Poultry Boosts Almarai FY Profit

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.

keywords: food group, baked goods, poultry

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