July 6, 2014 / 6:01 AM / 3 years ago

Saudi Arabia's Almarai Q2 net profit rises 8.8 pct

DUBAI, July 6 (Reuters) - Saudi Arabia’s Almarai reported an 8.8 percent increase in second-quarter net profit on Sunday as sales rose.

The dairy producer made a profit of 433.3 million riyals ($115.5 million) in the three months to June 30, up from 398.2 million riyals in the year-earlier period, according to a statement to Riyadh’s bourse.

Almarai said second-quarter sales rose 14.4 percent to 3.29 billion riyals, although expenses also increased.

$1 = 3.7504 Saudi Riyals Reporting by Matt Smith; Editing by David French

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