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Saudi Almarai’s profits drop by 7. 14%

Saudi Almarai’s profits drop by 7. 14%

The fourth-quarter earnings of Saudi Almarai Company fell 7.14 percent to 5.286 million riyals in 2021, compared to 9.359 million riyals in the fourth quarter of 2020.

Al marai’s profits fell 9.29 percent from 1.409 million riyals in the preceding quarter.

The company’s operational profits fell by 5.21 percent in the fourth quarter, to 392 million riyals, from 500 million riyals in the same time of 2020.

Al marai earned 1.56 billion riyals in profits in 2021, a decrease of over 21%.

Due to improved market conditions compared to the previous year, revenues climbed by 5.11 percent due to (Covid-19) and related restrictions.

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