date:Jan 22, 2013
Saudi food company Almarai has reported a 29.2% increase in net profit to SAR369m ($98.2m) for the fourth quarter ended 31 December 2012, compared to SAR285.5m ($76m) for the same period in the earlier year.
The gross profit for the period totaled SAR869.9m (231.6m), an increase of 20.2%, compared to SAR723.8m ($192.7m) for the corresponding period in 2011.
Almarai posted consolidated net profit of SAR1.4bn ($383.4m) for the twelve months ended 31 December 2012, a 26.4% increase compared to SA