Saudi food company Almarai reported 383 million riyals ($102.13 million) in net profit for the first three months of 2020, a rise of 13.99% versus 336 million riyals for the same quarter last year.
The company said in a stock exchange filing on Sunday (Apr 5) the increase was led by revenue growth in foods, long-life dairy and poultry, with all three segments recording double digit growth year-on-year.
Almarai said all its geographies reported positive growth except Oman, where it met with heavy dairy competition that resulted in lower sales year-on-year.
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