#Saudi dairy company Almarai's third-quarter profit falls 8.5% - Reuters

Saudi dairy company Almarai's third-quarter profit falls 8.5% - Reuters:

Saudi Arabia’s Almarai, the Gulf’s largest dairy company, on Sunday reported an 8.5% drop in third-quarter net profit, due to a rise in selling and distribution expenses, and lower sales in Bahrain.

Almarai’s net profit after zakat and tax was 581.2 million riyals ($154.95 million) down from 635 million riyals in the same period a year earlier.

Sales rose to 3.57 billion riyals versus 3.32 billion riyals a year ago.