Almarai posts nine percent jump in net profit to $112 million.
The Saudi dairy giant has recorded a 9-percent increase in profit for the first quarter of 2022 on the back of higher revenue.
Net profit rose to SR420 million ($112 million) from SR385 million a year ago, a bourse statement revealed.
Results were attributed to a hike in revenue of 23.6 percent and gross profit of 7.8 percent, even as selling and administration expenses went up.
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Abu Dhabi, UAE — Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate neurons in the gut. This new technology, called ICOPS (Ingestible…
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