October 6, 2013 / 6:37 AM / in 4 years

Saudi Almarai Q3 profit rises 5.7 pct, below estimates

DUBAI, Oct 6 (Reuters) - Saudi Arabia’s Almarai reported a 5.7 percent rise in third-quarter net profit on Sunday, missing analysts’ estimates despite what the company described as “the strong performance of core dairy and juice categories”.

The dairy producer made a net profit of 475.6 million riyals for the three months to Sept. 30, up from 450 million riyals in the year earlier period, according to a statement to the Saudi bourse.

Analyst polled by Reuters on average forecast Almarai would make a quarterly profit of 483.3 million riyals ($128.87 million). ($1 = 3.7501 Saudi riyals) (Reporting by Matt Smith; editing by Olzhas Auyezov)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below