Almarai’s profits grow by 17.3% during Q3 to 570.4 million riyals

Almarai Company revealed an increase in net profit during the third quarter to 570.4 million riyals compared to 486.2 million riyals in the same quarter last year by 17.3%, following the announcement today of the preliminary financial results for the period ending September 30, 2024 (nine months).

Operating profit amounted to 742.4 million riyals in the third quarter compared to 643.9 million riyals in the same quarter of the previous year, an increase of 15.2%.

Total equity (after excluding non-controlling interests) amounted to 18.5 billion riyals in the 9-month period compared to 17.4 billion riyals in the same period last year, an increase of 6%.

Earnings per share in the current period reached 1.91 riyals compared to 1.71 riyals in the same period last year.