ArabianBusiness.com - Middle East Business News
Saturday, 21 November 2009 20:26 UAE time

YOUR DIRECTORY /

| Share |

Saudi's Almarai Q3 profit rises 24%

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 10 October 2009
RESULTS WATCH: Sales growth during Q3 stood at 11.4% against 16% during the second quarter. (Reuters)(Getty Images)
RESULTS WATCH: Sales growth during Q3 stood at 11.4% against 16% during the second quarter. (Reuters)(Getty Images)

Saudi Arabia's Almarai Co, the Gulf's largest dairy company by market value, posted a 23.7 percent rise in third-quarter net profit despite a slowdown in sales.

Third-quarter net profit was SR363.4m compared with SR293.7m in the same period a year ago, the firm said in a statement on the bourse website. Sales growth during the third quarter stood at 11.4 percent against 16 percent during the second quarter. (Reuters)

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST CONSTRUCTION & INDUSTRY

  1. Dubai's Drake buys into German firm, eyes more
  2. 38% construction execs work more than 50 hours
  3. Damac issues construction tender for Egypt project
  4. Qatar house prices set to fall 15% next year
  5. Saudi's Tanmiyat eyes projects outside GCC region

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai replaces head of DIFC
  2. UAE expects to see up to 3% economic growth in 2010
  3. Abu Dhabi Int’l Airport records 7% growth in Oct
  4. UAE bags communication award
  5. Dubai's Abraaj eyes property investments

ALSO IN MIDDLE EAST CONSTRUCTION & INDUSTRY

  1. Is Dubai ready for PPPs?
  2. High power
  3. The future face of construction
  4. The role of the project controller
  5. Key points while entering into a joint venture in the Middle East

LATEST MIDDLE EAST BUSINESS NEWS

  1. Financial Markets: Saudi index down, banks and petchems weigh
  2. Real Estate: Merger technical talks to conclude in a month - Emaar
  3. Banking & Finance: Dubai's Abraaj eyes property investments
  4. Banking & Finance: Emirates NBD launches bank’s new brand identity
  5. Transportation: Abu Dhabi Int’l Airport records 7% growth in Oct

SHARE PRICE CHECK

RELATED STORIES

Q3 Profit 2009
3 stories
  1. Air Arabia Q3 profit down 9% on H1N1, Ramadan
    14 Nov '09 | News
  2. Gulf Air expects $500m loss in 2009 - paper
    11 Nov '09 | News
  3. Gulf Finance House swings to Q3 loss on lower income
    11 Nov '09 | News
Almarai Company - Saudi Arabia
| 27 stories
  1. Saudi Almarai eyes 50% of Egypt dairy market by 2013
    17 Nov '09 | News
  2. Saudi watchdog okays Almarai's $253.2m bid for Hadco
    12 Sep '09 | News

RELATED LINKS

  1. Almarai Company - Saudi Arabia»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Almarai Company - Saudi Arabia

  2. Construction & Industry


CURRENCY CONVERTOR

Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  3. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY