date:Oct 16, 2012
rch.
However, Almarai fell short of hitting expectations of analysts, who had predicted that the firm would book profits of SAR469 million.
The net profit has been reduced by continuous high material costs resulting from on-going erratic commodity prices, and also persistent increase in overhead costs due to the expansion in new projects, said an Almarai statement.
In May, Almarais board green-lit a $4.2 billion five-year investment programme to drive innovation and develop its Saudi workers.