Saudi dairy giant posts 4.9% rise in Q2 profit

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(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Saudi Arabian dairy company Almarai said on Sunday its second-quarter net profit rose 4.9 percent to SR398.2m ($106.2m), narrowly missing analyst forecasts.

The company, the largest dairy producer in the Gulf, attributed the rise in net income to continued growth in its core business, which also includes juice and bakery products.

Nine analysts polled by Reuters had forecast on average that Almarai would record net profit of SR403m in the quarter.

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Posted by: Kolitha Panditharatne

Absolutely.... the photo is certainly not in Saudi.. Cows never get the chance to eat green grass here.. but the cows and the employees perform well... that's the secret behind growth in Almarai

Posted by: Jono

Would it be better to have a non illustrative photo and maybe see a realistic photo of the animals and conditions in which they live?
I might be wrong but the photo is giving a false idea of the living conditions of the animals

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