- RIYADH: Saudi Arabia's Almarai, the Gulf's biggest dairy firm by market value, said on Monday fourth-quarter net profit rose 14 percent to SR283.8 million ($75.68 million), missing analysts' forecasts.
The firm, in which Savola Group holds a 29.9 percent stake, made SR1.28 billion in net profit for the full year, up 17.2 percent from the year earlier period, the company said in a bourse statement. Sales in the fourth quarter rose 16.2 percent to SR1.79 billion, it said. Operating profit in the fourth quarter grew 13.4 percent to SR319.2 million, it added