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Business, Uncategorized

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Almarai posts profit in Q3

The dairy giant attributed its higher profit to 20-percent revenue growth, driven mainly by poultry and bakery revenue growth. (Just Food)
By TRENDS Desk
October 10, 2022 11:49 am
  • However, the company's stock took a dip, falling 4.15 percent to end the session at SR53.10
  • The company said positive revenue growth was also witnessed across all categories after the removal of COVID-19 movement restrictions and the re-opening of educational institutions

Riyadh, Saudi Arabia—Almarai of Saudi Arabia has posted a ten percent jump in net profit to $372 million in the third quarter of the current years, fueled by a surge in revenue.

However, the company’s stock took a dip, falling 4.15 percent to end the session at SR53.10.

According to a bourse filing, the dairy giant attributed its higher profit to 20-percent revenue growth, driven mainly by poultry and bakery revenue growth,

Positive revenue growth was also witnessed across all categories following the removal of COVID-19 movement restrictions, the re-opening of educational institutions and higher visitor numbers, it said.

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