Almarai’s net profit rises 2% in FY17 on lower expenses

21/01/2018 Argaam Exclusive

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Almarai Company (Almarai), one of the largest diaries producers in the Gulf region, reported a net profit of SAR 2.2 billion for fiscal year 2017, up 1.6 percent year-on-year (YoY) due to lower selling and distribution expenses, along with a decline in general and administration costs. Operating Income increased by 2.6 percent, despite the impact of assets impairment charges in Jordan.

The firm also noted the favorable effect of foreign currency translation variance due to Egypt.

Financials (M)

Item	2016	2017	Change‬
Revenues	14,338.58	13,935.53	(2.8 %)
Gross Income	5,522.49	5,583.64	1.1 %
Operating Income	2,609.18	2,843.25	9.0 %
Net Income	2,147.79	2,182.29	1.6 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	2.15	2.18	1.6 %

The Q4 net profit slipped 4.3 percent YoY to SAR 513 million, which was attributed to lower revenue due to loss of sales and decline in operating income due to assets impairment charges in Jordan.

Compared to the previous quarter, Q4 net profit was down 23 percent as “seasonal factors” impacted sales, the company said.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2016	Q4 2017	Change‬
Revenues	3,508.56	3,418.73	(2.6 %)
Gross Income	1,388.64	1,335.27	(3.8 %)
Operating Income	709.42	709.16	0.0 %
Net Income	536.49	512.89	(4.4 %)
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.54	0.51	(4.4 %)

Item	Q3 2017	Q4 2017	Change‬
Revenues	3,372.92	3,418.73	1.4 %
Gross Income	1,516.00	1,335.27	(11.9 %)
Operating Income	834.11	709.16	(15.0 %)
Net Income	667.01	512.89	(23.1 %)
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.67	0.51	(23.1 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2008	1,119.07	38.7 %	416.26	33.5 %	162.20	32.0 %	0.17
Q2 2008	1,247.52	37.7 %	514.53	38.6 %	235.23	42.3 %	0.25
Q3 2008	1,388.53	37.2 %	572.86	37.5 %	293.68	57.8 %	0.31
Q4 2008	1,274.78	22.0 %	495.31	25.7 %	219.16	13.5 %	0.23
2008	5,029.90	33.4 %	1,998.96	33.9 %	910.26	36.4 %	0.96
Q1 2009	1,326.08	18.5 %	508.25	22.1 %	197.37	21.7 %	0.21
Q2 2009	1,447.12	16.0 %	591.31	14.9 %	287.10	22.0 %	0.30
Q3 2009	1,547.44	11.4 %	697.63	21.8 %	363.43	23.8 %	0.38
Q4 2009	1,548.17	21.4 %	568.61	14.8 %	248.82	13.5 %	0.26
2009	5,868.81	16.7 %	2,365.79	18.4 %	1,096.72	20.5 %	1.14
Q1 2010	1,559.49	17.6 %	570.03	12.2 %	234.10	18.6 %	0.23
Q2 2010	1,738.87	20.2 %	701.13	18.6 %	343.06	19.5 %	0.34
Q3 2010	1,833.74	18.5 %	796.45	14.2 %	424.51	16.8 %	0.42
Q4 2010	1,798.82	16.2 %	668.31	17.5 %	283.76	14.0 %	0.28
2010	6,930.91	18.1 %	2,735.92	15.6 %	1,285.42	17.2 %	1.29
Q1 2011	1,743.57	11.8 %	634.15	11.2 %	235.25	0.5 %	0.24
Q2 2011	2,012.85	15.8 %	776.81	10.8 %	349.26	1.8 %	0.35
Q3 2011	2,105.28	14.8 %	861.72	8.2 %	429.70	1.2 %	0.43
Q4 2011	2,089.29	16.1 %	723.84	8.3 %	125.31	(55.8 %)	0.13
2011	7,950.99	14.7 %	2,996.52	9.5 %	1,139.52	(11.4 %)	1.14
Q1 2012	2,040.35	17.0 %	707.30	11.5 %	242.12	2.9 %	0.24
Q2 2012	2,524.14	25.4 %	921.72	18.7 %	379.52	8.7 %	0.38
Q3 2012	2,672.99	27.0 %	1,012.19	17.5 %	449.97	4.7 %	0.45
Q4 2012	2,645.52	26.6 %	869.87	20.2 %	369.03	194.5 %	0.37
2012	9,883.00	24.3 %	3,511.08	17.2 %	1,440.63	26.4 %	1.44
Q1 2013	2,411.03	18.2 %	827.80	17.0 %	255.09	5.4 %	0.26
Q2 2013	2,873.88	13.9 %	1,034.49	12.2 %	398.23	4.9 %	0.40
Q3 2013	2,926.09	9.5 %	1,104.95	9.2 %	475.62	5.7 %	0.48
Q4 2013	3,008.18	13.7 %	995.50	14.4 %	373.27	1.2 %	0.37
2013	11,219.18	13.5 %	3,962.73	12.9 %	1,502.21	4.3 %	1.50
Q1 2014	2,718.92	12.8 %	918.95	11.0 %	273.58	7.2 %	0.27
Q2 2014	3,286.52	14.4 %	1,149.16	11.1 %	433.29	8.8 %	0.43
Q3 2014	3,269.37	11.7 %	1,390.72	25.9 %	539.44	13.4 %	0.54
Q4 2014	3,330.76	10.7 %	1,133.79	13.9 %	428.03	14.7 %	0.43
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,674.34	11.5 %	1.67
Q1 2015	3,037.31	11.7 %	1,110.34	20.8 %	306.48	12.0 %	0.31
Q2 2015	3,649.52	11.0 %	1,388.04	20.8 %	530.42	22.4 %	0.53
Q3 2015	3,523.58	7.8 %	1,446.52	4.0 %	595.12	10.3 %	0.60
Q4 2015	3,584.20	7.6 %	1,338.37	18.0 %	483.68	13.0 %	0.48
2015	13,794.62	9.4 %	5,283.26	15.0 %	1,915.69	14.4 %	1.92
Q1 2016	3,373.79	11.1 %	1,127.55	1.5 %	288.66	(5.8 %)	0.29
Q2 2016	3,925.89	7.6 %	1,520.89	9.6 %	658.38	24.1 %	0.66
Q3 2016	3,530.34	0.2 %	1,485.41	2.7 %	664.26	11.6 %	0.66
Q4 2016	3,508.56	(2.1 %)	1,388.64	3.8 %	536.49	10.9 %	0.54
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,147.79	12.1 %	2.15
Q1 2017	3,383.53	0.3 %	1,177.43	4.4 %	328.27	13.7 %	0.33
Q2 2017	3,760.36	(4.2 %)	1,554.93	2.2 %	674.11	2.4 %	0.67
Q3 2017	3,372.92	(4.5 %)	1,516.00	2.1 %	667.01	0.4 %	0.67
Q4 2017	3,418.73	(2.6 %)	1,335.27	(3.8 %)	512.89	(4.4 %)	0.51
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,182.29	1.6 %	2.18

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2008	5,029.90	33.4 %	1,998.96	33.9 %	910.26	36.4 %	0.96
2009	5,868.81	16.7 %	2,365.79	18.4 %	1,096.72	20.5 %	1.14
2010	6,930.91	18.1 %	2,735.92	15.6 %	1,285.42	17.2 %	1.29
2011	7,950.99	14.7 %	2,996.52	9.5 %	1,139.52	(11.4 %)	1.14
2012	9,883.00	24.3 %	3,511.08	17.2 %	1,440.63	26.4 %	1.44
2013	11,219.18	13.5 %	3,962.73	12.9 %	1,502.21	4.3 %	1.50
2014	12,605.57	12.4 %	4,592.63	15.9 %	1,674.34	11.5 %	1.67
2015	13,794.62	9.4 %	5,283.26	15.0 %	1,915.69	14.4 %	1.92
2016	14,338.58	3.9 %	5,522.49	4.5 %	2,147.79	12.1 %	2.15
2017	13,935.53	(2.8 %)	5,583.64	1.1 %	2,182.29	1.6 %	2.18

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	39.15 %	28.79 %	17.31 %
Q2 2008	39.36 %	28.40 %	17.55 %
Q3 2008	39.53 %	28.73 %	18.42 %
Q4 2008	39.74 %	25.34 %	18.10 %
2008	39.74 %	25.34 %	18.10 %
Q1 2009	39.93 %	24.95 %	18.05 %
Q2 2009	39.87 %	26.48 %	18.34 %
Q3 2009	40.97 %	24.82 %	19.07 %
Q4 2009	40.31 %	26.70 %	18.69 %
2009	40.31 %	26.70 %	18.69 %
Q1 2010	39.78 %	26.57 %	18.57 %
Q2 2010	39.68 %	25.16 %	18.60 %
Q3 2010	39.46 %	27.32 %	18.72 %
Q4 2010	39.47 %	27.21 %	18.55 %
2010	39.47 %	27.21 %	18.55 %
Q1 2011	39.35 %	26.97 %	18.08 %
Q2 2011	38.92 %	26.49 %	17.50 %
Q3 2011	38.39 %	25.84 %	16.94 %
Q4 2011	37.69 %	25.62 %	16.35 %
2011	37.69 %	25.62 %	16.35 %
Q1 2012	37.22 %	25.26 %	15.84 %
Q2 2012	36.70 %	26.67 %	15.26 %
Q3 2012	36.08 %	26.90 %	14.55 %
Q4 2012	35.53 %	27.71 %	14.58 %
2012	35.53 %	27.71 %	14.58 %
Q1 2013	35.42 %	28.17 %	14.18 %
Q2 2013	35.31 %	27.64 %	13.89 %
Q3 2013	35.34 %	27.93 %	13.80 %
Q4 2013	35.32 %	27.87 %	13.39 %
2013	35.32 %	27.87 %	13.39 %
Q1 2014	35.17 %	27.75 %	13.01 %
Q2 2014	34.91 %	27.35 %	12.86 %
Q3 2014	36.26 %	27.32 %	13.02 %
Q4 2014	36.43 %	27.38 %	13.12 %
2014	36.43 %	27.38 %	13.12 %
Q1 2015	37.02 %	27.31 %	13.21 %
Q2 2015	37.80 %	27.58 %	14.18 %
Q3 2015	37.51 %	27.73 %	14.32 %
Q4 2015	38.30 %	27.91 %	14.61 %
2015	38.30 %	27.91 %	14.61 %
Q1 2016	37.51 %	27.63 %	14.13 %
Q2 2016	37.71 %	28.38 %	14.20 %
Q3 2016	37.96 %	29.09 %	14.50 %
Q4 2016	38.51 %	30.87 %	15.00 %
2016	38.51 %	30.87 %	15.00 %
Q1 2017	38.84 %	31.68 %	15.27 %
Q2 2017	39.53 %	32.67 %	15.56 %
Q3 2017	40.19 %	34.21 %	15.93 %
Q4 2017	40.07 %	34.18 %	15.66 %
2017	40.07 %	34.18 %	15.66 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2008	39.74 %	25.34 %	18.10 %
2009	40.31 %	26.70 %	18.69 %
2010	39.47 %	27.21 %	18.55 %
2011	37.69 %	25.62 %	16.35 %
2012	35.53 %	27.71 %	14.58 %
2013	35.32 %	27.87 %	13.39 %
2014	36.43 %	27.38 %	13.12 %
2015	38.30 %	27.91 %	14.61 %
2016	38.51 %	30.87 %	15.00 %
2017	40.07 %	34.18 %	15.66 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2008	37.20 %	25.15 %	14.49 %
Q2 2008	41.24 %	29.30 %	18.86 %
Q3 2008	41.26 %	30.70 %	21.15 %
Q4 2008	38.85 %	15.81 %	17.19 %
Q1 2009	38.33 %	23.62 %	14.88 %
Q2 2009	40.86 %	34.45 %	19.84 %
Q3 2009	45.08 %	24.26 %	23.49 %
Q4 2009	36.73 %	24.53 %	16.07 %
Q1 2010	36.55 %	23.59 %	15.01 %
Q2 2010	40.32 %	27.92 %	19.73 %
Q3 2010	43.43 %	32.27 %	23.15 %
Q4 2010	37.15 %	24.49 %	15.77 %
Q1 2011	36.37 %	23.00 %	13.49 %
Q2 2011	38.59 %	26.05 %	17.35 %
Q3 2011	40.93 %	29.16 %	20.41 %
Q4 2011	34.65 %	23.81 %	13.67 %
Q1 2012	34.67 %	21.93 %	11.87 %
Q2 2012	36.52 %	30.79 %	15.04 %
Q3 2012	37.87 %	29.43 %	16.83 %
Q4 2012	32.88 %	27.50 %	13.95 %
Q1 2013	34.33 %	24.76 %	10.58 %
Q2 2013	36.00 %	28.50 %	13.86 %
Q3 2013	37.76 %	30.38 %	16.25 %
Q4 2013	33.09 %	27.32 %	12.41 %
Q1 2014	33.80 %	24.58 %	9.29 %
Q2 2014	34.97 %	26.96 %	13.18 %
Q3 2014	42.54 %	29.98 %	16.50 %
Q4 2014	34.04 %	27.54 %	12.85 %
Q1 2015	36.56 %	24.57 %	10.09 %
Q2 2015	38.03 %	27.96 %	16.70 %
Q3 2015	41.05 %	30.38 %	16.89 %
Q4 2015	37.34 %	28.25 %	14.05 %
Q1 2016	33.42 %	23.75 %	8.56 %
Q2 2016	38.74 %	30.67 %	16.77 %
Q3 2016	42.08 %	33.27 %	18.10 %
Q4 2016	39.58 %	35.51 %	16.10 %
Q1 2017	34.80 %	27.20 %	9.70 %
Q2 2017	41.35 %	34.36 %	17.93 %
Q3 2017	44.95 %	39.72 %	19.78 %
Q4 2017	39.06 %	35.42 %	15.00 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2008	947.83	0.75	0.75	3.45
Q2 2008	947.83	0.82	0.82	3.91
Q3 2008	947.83	0.93	0.93	3.94
Q4 2008	947.83	0.96	0.96	3.82
Q1 2009	960.87	0.98	0.98	3.60
Q2 2009	960.87	1.04	1.04	4.04
Q3 2009	960.87	1.11	1.11	4.37
Q4 2009	960.87	1.14	1.14	5.38
Q1 2010	1,000.00	1.13	1.13	5.58
Q2 2010	1,000.00	1.19	1.19	5.37
Q3 2010	1,000.00	1.25	1.25	5.88
Q4 2010	1,000.00	1.29	1.29	6.13
Q1 2011	1,000.00	1.29	1.29	6.40
Q2 2011	1,000.00	1.29	1.29	6.19
Q3 2011	1,000.00	1.30	1.30	6.46
Q4 2011	1,000.00	1.14	1.30	6.72
Q1 2012	1,000.00	1.15	1.31	7.18
Q2 2012	1,000.00	1.18	1.34	6.87
Q3 2012	1,000.00	1.20	1.36	7.26
Q4 2012	1,000.00	1.44	1.44	7.55
Q1 2013	1,000.00	1.45	1.45	7.76
Q2 2013	1,000.00	1.47	1.47	7.66
Q3 2013	1,000.00	1.50	1.50	8.07
Q4 2013	1,000.00	1.50	1.50	8.44
Q1 2014	1,000.00	1.52	1.50	8.76
Q2 2014	1,000.00	1.56	1.53	8.53
Q3 2014	1,000.00	1.62	1.60	8.99
Q4 2014	1,000.00	1.67	1.65	9.19
Q1 2015	1,000.00	1.71	1.71	9.37
Q2 2015	1,000.00	1.80	1.88	9.62
Q3 2015	1,000.00	1.86	1.94	9.99
Q4 2015	1,000.00	1.92	2.01	10.36
Q1 2016	1,000.00	1.90	2.00	10.51
Q2 2016	1,000.00	2.03	2.05	10.42
Q3 2016	1,000.00	2.09	2.09	11.08
Q4 2016	1,000.00	2.15	2.15	11.36
Q1 2017	1,000.00	2.19	2.19	11.01
Q2 2017	1,000.00	2.20	2.21	11.66
Q3 2017	1,000.00	2.21	2.23	12.26
Q4 2017	1,000.00	2.18	2.18	12.78

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2008	947.83	0.96	0.96	3.82
2009	960.87	1.14	1.14	5.38
2010	1,000.00	1.29	1.29	6.13
2011	1,000.00	1.14	1.30	6.72
2012	1,000.00	1.44	1.44	7.55
2013	1,000.00	1.50	1.50	8.44
2014	1,000.00	1.67	1.65	9.19
2015	1,000.00	1.92	2.01	10.36
2016	1,000.00	2.15	2.15	11.36
2017	1,000.00	2.18	2.18	12.78

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2008	22.84	22.84	4.94
Q2 2008	24.67	24.67	5.17
Q3 2008	19.43	19.43	4.60
Q4 2008	17.73	17.73	4.46
Q1 2009	18.63	18.63	5.16
Q2 2009	18.00	18.00	4.69
Q3 2009	18.36	18.36	4.73
Q4 2009	17.34	17.34	3.53
Q1 2010	19.60	19.60	3.98
Q2 2010	18.48	18.48	4.09
Q3 2010	18.64	18.64	3.97
Q4 2010	20.03	20.03	4.20
Q1 2011	17.11	17.11	3.44
Q2 2011	16.85	16.85	3.52
Q3 2011	15.27	15.27	3.07
Q4 2011	20.03	17.56	3.40
Q1 2012	23.02	20.20	3.68
Q2 2012	21.89	19.27	3.75
Q3 2012	23.45	20.68	3.87
Q4 2012	17.67	17.67	3.37
Q1 2013	18.55	18.55	3.48
Q2 2013	19.13	19.13	3.68
Q3 2013	21.99	21.99	4.08
Q4 2013	21.02	21.02	3.74
Q1 2014	25.51	25.87	4.43
Q2 2014	27.08	27.45	4.94
Q3 2014	29.93	30.32	5.39
Q4 2014	27.56	27.91	5.02
Q1 2015	30.66	30.66	5.59
Q2 2015	29.98	28.72	5.62
Q3 2015	27.25	26.13	5.07
Q4 2015	24.57	23.36	4.54
Q1 2016	22.12	21.02	3.99
Q2 2016	21.60	21.39	4.20
Q3 2016	20.28	20.33	3.83
Q4 2016	25.51	25.47	4.82
Q1 2017	25.80	25.76	5.13
Q2 2017	35.02	34.97	6.62
Q3 2017	25.87	25.54	4.65
Q4 2017	24.63	24.63	4.20

Period	P/E	Adjusted P/E	Price/book
2008	17.73	17.73	4.46
2009	17.34	17.34	3.53
2010	20.03	20.03	4.20
2011	20.03	17.56	3.40
2012	17.67	17.67	3.37
2013	21.02	21.02	3.74
2014	27.56	27.91	5.02
2015	24.57	23.36	4.54
2016	25.51	25.47	4.82
2017	24.63	24.63	4.20

Business Segments (Million)

Compared With The

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others..	Arable and Horticulture
Q1 2008	1,015.44	-	103.62	-	-
Q2 2008	1,111.43	-	136.09	-	-
Q3 2008	1,247.44	-	141.09	-	-
Q4 2008	1,140.78	-	134.00	-	-
Q1 2009	1,191.73	-	134.35	-	-
Q2 2009	1,286.67	-	160.45	-	-
Q3 2009	1,394.68	-	152.76	-	-
Q4 2009	1,304.66	44.50	170.55	-	28.46
Q1 2010	1,341.86	35.96	178.26	-	3.42
Q2 2010	1,455.52	42.24	216.58	-	24.54
Q3 2010	1,578.11	49.87	202.10	-	3.65
Q4 2010	1,510.39	48.07	224.28	-	16.09
Q1 2011	1,467.84	63.47	211.39	-	0.88
Q2 2011	1,658.98	81.66	249.07	-	23.14
Q3 2011	1,777.55	75.03	228.42	-	24.28
Q4 2011	1,688.44	99.05	277.49	-	24.31
Q1 2012	1,635.68	95.40	293.54	-	15.73
Q2 2012	2,031.54	119.06	324.96	-	48.58
Q3 2012	2,203.10	127.43	302.85	-	39.61
Q4 2012	2,102.29	162.46	369.30	0.08	11.39
Q1 2013	1,901.16	162.12	340.90	6.85	-
Q2 2013	2,209.27	202.71	369.48	92.41	-
Q3 2013	2,354.11	212.94	324.76	34.29	-
Q4 2013	2,371.27	214.56	409.97	12.37	-
Q1 2014	2,125.60	211.10	373.32	8.91	-
Q2 2014	2,547.67	250.35	399.27	89.24	-
Q3 2014	2,603.15	273.64	365.99	26.59	-
Q4 2014	2,625.49	287.67	394.33	23.27	-
Q1 2015	2,353.44	308.98	355.53	19.36	-
Q2 2015	2,869.02	313.95	396.35	70.21	-
Q3 2015	2,756.98	314.83	399.51	52.27	-
Q4 2015	2,761.46	324.49	474.46	23.79	-
Q1 2016	2,577.33	320.83	452.27	23.36	-
Q2 2016	3,054.66	365.77	458.22	47.25	-
Q3 2016	2,722.80	277.65	467.02	62.87	-
Q4 2016	2,606.53	367.26	503.28	31.48	-
Q1 2017	2,494.13	356.37	468.91	64.13	-
Q2 2017	2,920.95	387.41	434.61	17.39	-
Q3 2017	2,570.11	328.31	436.67	37.83	-
Q4 2017	2,525.29	391.54	466.90	35.00	-

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others..	Arable and Horticulture
2008	4,515.10	-	514.81	-	-
2009	5,177.73	44.50	618.12	-	28.46
2010	5,885.87	176.14	821.21	-	47.70
2011	6,592.81	319.21	966.37	-	72.60
2012	7,972.60	504.35	1,290.65	0.08	115.32
2013	8,835.81	792.33	1,445.12	145.93	-
2014	9,901.90	1,022.76	1,532.91	148.00	-
2015	10,740.89	1,262.26	1,625.84	165.63	-
2016	10,961.32	1,331.51	1,880.79	164.96	-
2017	10,510.47	1,463.63	1,807.09	154.35	-

Analysts Estimates (Million)

Item	Q4 2017 (e)	Q4 2017 (a)	Change‬
Average	526.81	512.89	(2.6 %)

Estimates vs Actual (Million)

Item	Q4 2017 (e)	Q4 2017 (a)	Change
OSOOL AND BAKHEET	513.00	512.89	0.0 %
Arbah Capital	515.00	512.89	(0.4) %
Albilad Capital	520.00	512.89	(1.4) %
SNB Capital	531.00	512.89	(3.4) %
Riyad Capital	544.00	512.89	(5.7) %
Al Rajhi Capital	546.00	512.89	(6.1) %
Alistithmar Capital	546.37	512.89	(6.1) %
Sico	549.00	512.89	(6.6) %
AlJazira Capital	476.90	512.89	7.5 %

Financial Ratios

	Current
Market Cap (M Riyal)	54,900.00
Enterprise Value (EV) (M)	64,037.56
Shares Outstanding ((M))	1,000.00
EPS ( Riyal) (TTM)	2.11
Book Value (BV) ( Riyal)	18.34
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	26.06
P/E (TTM)	26.06
Price/book	2.99
Return on Average Assets (%) (TTM)	6.2
Return on Average Equity (%) (TTM)	11.8

Almarai Co. (ALMARAI)

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Almarai’s net profit rises 2% in FY17 on lower expenses

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Almarai Co. (ALMARAI)

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Almarai’s net profit rises 2% in FY17 on lower expenses

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2017

Revenue by Business Segment (Latest) 2017 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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