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RIYADH : Saudi-based dairy giant Almarai 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.