RIYADH: Saudi Arabian dairy producer Almarai Co. said its first quarter net profit was SR 255 million ($ 68 million), a 5.4 percent rise over the same quarter of 2012 but a 30.9 percent drop from the previous quarter.
The company said in a bourse statement yesterday it attributed its year-on-year profit growth to increased revenue in all its products, particularly in poultry sales. The fall in income from the last quarter was a result of seasonal consumption habits, it said.
Almarai net profit up
Almarai net profit up
