Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Higher sales lift Almarais Q2 net profit 8.8  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/07/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) The firm said second-quarter sales rose 14.

Saudi Arabia’s Almarai the Gulf’s largest dairy company reported an 8.8 per cent increase in second-quarter net profit on Sunday as sales rose.



Almarai made a profit of SR433.3 million (115.5 million) in the three months to June 30 up from SR398.2 million in the year-earlier period according to a statement to Riyadh’s bourse.



The firm said second-quarter sales ros 14.4 per cent to SR3.29 billion from higher sales in core parts of the business.



Almarai’s selling distribution and general expenses all increased in the second quarter because of its expansion “across product categories and geographies” and rising depreciation costs from earlier investments. This meant Almarai’s net profit margin fell to 13.2 per cent of sales in the second quarter from 13.9 per cent in the corresponding period of 2013.


 


Khaleej Times




  MENA News Headlines
 Mar 28 2017 - Qatar Academy's new campus offers complete educationThe Peninsula
(MENAFN - The Peninsula) The new campus of Qatar Academy Al Khor, located at the west of Al Khor, provides the environment required for a world-class education in a bilingual environment. The new ...

 Mar 28 2017 - Custodian of the Two Holy Mosques attends military parade in Jordan 2 AmmanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques, the Jordanian King and the audience watched a variety of military and air shows. The Jordanian King decorated the Custodian of ...

 Mar 28 2017 - Jordanian media highlights the visit of Custodian of the Two Holy Mosques to JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, 28 Jumada II 1438 H corresponding to 28 March 2017 SPA--The Jordanian media today highlighted the historic visit of the Custodian of the Two Holy Mosques King ...

 Mar 28 2017 - Saudi Air Defense Forces intercept four ballistic missiles launched by Houthi militias toward the KingdomSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Jumada II 29, 1438, March 28, 2017, SPA -- The Coalition Command to Support the Legitimacy in Yemen announced that the Royal Saudi Air Defense Forces ...

 Mar 28 2017 - Bahraini Deputy PM appreciative of Kuwait's supportKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) MANAMA, March 28 (KUNA) -- Bahrain's Deputy Prime Minister Sheikh Khaled bin Abdullah Al-Khalifa heaped praise on Kuwait Tuesday for the country's continued ...

 Mar 28 2017 - Kuwait- Briefing of KUNA main news for Tuesday until 12:00 GMTKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT -- The National Assembly lifts the immunity of National Assembly member Ahmad Nabil Al-Fadhl. JEDDAH -- Four ballistic missiles, launched from Yemen ...

 Mar 28 2017 - EU: We are ready for Brexit negotiationsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) BRUSSELS, March 28 (KUNA) -- The European Union (EU) said Tuesday that it is ready to receive the official notification by the UK government on Wednesday to begin ...

 Mar 28 2017 - French FM, de Mistura discuss SyriaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, March 28 (KUNA) -- French Foreign Minister Jean-Marc Ayrault on Tuesday discussed by phone worsening security in Syria with UN special envoy Staffan de ...

 Mar 28 2017 - Paris seeks to reassure Beijing after Police shoot Chinese national deadKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) PARIS, March 28 (KUNA) -- French authorities on Tuesday sought to reassure China on security for Chinese nationals here after a Chinese national was shot dead by ...

 Mar 28 2017 - Kuwait- Parliament speaker congratulates Min. Al-Sabeeh on French medalKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, March 28 (KUNA) -- National Assembly Speaker Marzouq Al-Ghanim sent Tuesday a congratulatory cable to Minister of Social Affairs and Labor Hind Al-Sabeeh, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help