Almarai posts quarterly profit

RetailME Bureau

Saudi Arabia-based Almarai has reported quarterly profit owing to sales growth of its dairy, poultry and juice products. The company has announced near-15% rise in fourth quarter net profit.

In the three months to December 31, the company made net earnings of $114 million, up from $99.43 million in the same period of 2013.

For the full year, Almarai reported net profit of $440 million, up 11.5% on 2013 and sales were up 12.4% from 2013.