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Almarai: Announces 2018 Consolidated Financial Results

Riyadh / SA. (ac) Almarai Company is pleased to announce its annual Consolidated Financial Results for the year ended in 31st December 2018. Despite the number of exceptional regulatory and demographic changes, for the financial year ended 31st December 2018, Almarai sales reached SAR 13,722.8 million a decrease of 1.5 percent for YOY and 0.9 percent for the quarter. The profit attributable to shareholders of SAR 2,008.9 million showed a decline of 7.9 percent YOY and 27.9 percent for the quarter, mainly due to a few one-time write off items. On a normalized basis the profit attributable to shareholders would have reached SAR 2,143.9 a decline of 1.7 percent YOY – the Company said in its statement as follows (226 KB):