INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Almarai posts $112m profit in Q1

  • The Saudi dairy giant posted the jump in profit for the first quarter of 2022 on the back of higher revenue
  • 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

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.