Q3 2015: Sustainable growth
Almarai posted a 10.1% increase in 9M 2015 revenues to SAR10.21bn, boosted by the 27.6% growth in poultry sales to SAR937.764M, as well as a 9.7% improvement in dairy and juice sales to SAR7.979bn. A 1.1% increase in bakery sales to SAR1.151bn was also recorded. The nine-month Sales in the GCC region (excluding KSA) jumped 10.3%, yoy, to SAR2.677bn. Sales in the KSA grew 8.8%, yoy, to SAR6.518bn. The dairy producer’s 9M gross profit increased by 14.0% to SAR3.945bn, for a GPM at 38.6% (+130 bps).
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.