According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits for the period amounted to 383 million riyals, compared to the profits for the first quarter of last year, which amounted to 336 million riyals. p>
The company said in a statement to the stock exchange that the growth of profits during the comparison periods is due to the increase in revenues led by long-term milk, the food and poultry sector, where all three sectors registered double-digit growth on Annual basis.
Moreover, the growth was boosted by the modern commercial channel with a double number as well. This growth was observed in all countries except Oman due to the intense competition for dairy products, which led to lower sales. On an annual basis.
The company's profits also increased by 22.8% compared to the fourth quarter of last year, which amounted to 311.9 million riyals at the time.
