Riyadh – Mubasher: Almarai Company logged net profits after Zakat and tax worth SAR 635.95 million in the first quarter (Q1) of 2023, an annual leap of 50.51% from SAR 422.53 million.
Revenues amounted to SAR 5.06 billion in the January-March 2023 period, up 12.50% year-on-year (YoY) from SAR 4.50 billion, according to consolidated interim financial results.
Earnings per share (EPS) hit EGP 0.65 during the first three months (3M) of 2023, versus EGP 0.43 in the year-ago period.
On a quarterly basis, the Q1-23 net profits after Zakat and tax enlarged by 78.73% from SAR 355.82 million in Q4-22, while the revenues increased by 4.70% from SAR 4.83 billion.
Last year, the net profits after Zakat and tax of Almarai reached SAR 1.75 billion, a 12.55% rise from SAR 1.56 billion in 2021.
