Al-Marai’s 2014 net profit Up 11% to SAR 1674.3 mln

18/01/2015 Argaam Exclusive

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Al-Marai Company, a producer of poultry and dairy products, reported 2014 net profit of SAR 1674.3 million, an 11 percent increase compared to the last year.

A net profit of SAR 428.0 million was reported for Q4-2014 compared to SAR 539.4 million in Q3.

Financials (M)

Item	2013	2014	Change‬
Revenues	11,219.18	12,605.57	12.4 %
Gross Income	3,962.73	4,592.63	15.9 %
Operating Income	1,796.61	1,997.63	11.2 %
Net Income	1,502.21	1,674.34	11.5 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	1.50	1.67	11.5 %

The Company attributed the increase of 2014’s net profit compared to the last year to:
-   The growth of sales by 12.4%, from core business segments, where sales growth in Poultry, Dairy & Juice and Bakery sales rose by 29.1%, 12.1% and 6.1%, respectively.
-   2014’s net profit increased for all business segments except Poultry whose loss increased by 17.3%.
-   The increase of Selling & Distribution expenses as well as General& Administrative expenses and depreciation resulting from continuous infrastructure expansion across product categories, distribution, geographies and operations and past investments.
-   Net Finance Costs reduction in 2014 due to better cash management and hedge activates.
The increase of net profit in Q4-2014 compared to the same period last year was attributed to:
-   The growth of quarter sales by 10.7%, as a result of continuous sales growth in the Poultry, Dairy & Juice segments by 34.1% and 10.7% respectively, in spite of decrease in the Bakery segment sales by 3.8%.
-   A relatively stable cost of sales for the quarter led to a growth in gross profit by 24.0%.
-   Selling & Distribution as well as General & Administrative expenses and Depreciation increased due to the continuous infrastructure expansion across product categories, distribution, geographies and past investments.
-   Q4 saw a reduction in Net Finance Costs.
-   Overall Net profit increase for all business segments except Poultry, which loss reduced by 43.0% to (SAR 72.0 million).
The decline of net profit in Q4-2014 compared to the previous period (Q3-2014) was attributed to:
-   Increase of Selling & Distribution expenses by 18.2% which led to decrease of operating profit by 18.9% while revenue growth was only 1.9%
-   The different product mix in quarter 4 compared with quarter 3 due to the seasonality which included Ramadan and summer resulted in lower profit. Therefore; a comparison with the same period last year is more relevant because a quarter-to-quarter comparison is more aligned to similar market conditions and demand patterns.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2013	Q4 2014	Change‬
Revenues	3,008.18	3,330.76	10.7 %
Gross Income	995.50	1,133.79	13.9 %
Operating Income	458.17	523.58	14.3 %
Net Income	373.27	428.03	14.7 %
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.37	0.43	14.7 %

Item	Q3 2014	Q4 2014	Change‬
Revenues	3,269.37	3,330.76	1.9 %
Gross Income	1,390.72	1,133.79	(18.5 %)
Operating Income	644.74	523.58	(18.8 %)
Net Income	539.44	428.03	(20.7 %)
Average Shares	1,000.00	1,000.00	-
EPS (Riyals)	0.54	0.43	(20.7 %)

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
Q1 2005	472.59	6.6 %	183.62	6.1 %	77.96	3.8 %	0.09
Q2 2005	522.18	12.7 %	211.39	11.1 %	100.33	0.5 %	0.12
Q3 2005	547.64	15.6 %	222.79	11.1 %	100.88	0.0 %	0.12
Q4 2005	603.71	19.7 %	228.98	17.6 %	106.93	13.1 %	0.12
2005	2,146.11	13.8 %	846.78	11.6 %	386.10	4.3 %	0.44
Q1 2006	621.47	31.5 %	226.70	23.5 %	90.59	16.2 %	0.10
Q2 2006	700.66	34.2 %	272.62	29.0 %	121.79	21.4 %	0.14
Q3 2006	717.13	31.0 %	284.27	27.6 %	122.56	21.5 %	0.14
Q4 2006	717.68	18.9 %	291.10	27.1 %	129.79	21.4 %	0.15
2006	2,756.94	28.5 %	1,074.67	26.9 %	464.73	20.4 %	0.53
Q1 2007	806.93	29.8 %	311.69	37.5 %	122.84	35.6 %	0.13
Q2 2007	905.74	29.3 %	371.16	36.1 %	165.28	35.7 %	0.17
Q3 2007	1,012.39	41.2 %	416.51	46.5 %	186.06	51.8 %	0.20
Q4 2007	1,044.77	45.6 %	393.98	35.3 %	193.09	48.8 %	0.20
2007	3,769.83	36.7 %	1,493.34	39.0 %	667.27	43.6 %	0.70
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

Period	Revenues	Change	Gross Income	Change	Net Income	Change	EPS(Riyal)
2005	2,146.11	13.8 %	846.78	11.6 %	386.10	4.3 %	0.44
2006	2,756.94	28.5 %	1,074.67	26.9 %	464.73	20.4 %	0.53
2007	3,769.83	36.7 %	1,493.34	39.0 %	667.27	43.6 %	0.70
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

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	40.18 %	27.20 %	19.90 %
Q2 2005	40.06 %	27.06 %	19.33 %
Q3 2005	39.70 %	26.05 %	18.26 %
Q4 2005	39.46 %	26.04 %	17.99 %
2005	39.46 %	26.04 %	17.99 %
Q1 2006	38.77 %	25.85 %	17.37 %
Q2 2006	38.45 %	25.74 %	16.99 %
Q3 2006	38.31 %	25.38 %	16.72 %
Q4 2006	38.98 %	25.70 %	16.86 %
2006	38.98 %	25.70 %	16.86 %
Q1 2007	39.41 %	25.92 %	16.89 %
Q2 2007	39.98 %	27.32 %	17.17 %
Q3 2007	40.39 %	28.53 %	17.54 %
Q4 2007	39.61 %	29.08 %	17.70 %
2007	39.61 %	29.08 %	17.70 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2005	39.46 %	26.04 %	17.99 %
2006	38.98 %	25.70 %	16.86 %
2007	39.61 %	29.08 %	17.70 %
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 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2005	38.85 %	24.09 %	16.50 %
Q2 2005	40.48 %	27.53 %	19.21 %
Q3 2005	40.68 %	26.83 %	18.42 %
Q4 2005	37.93 %	25.57 %	17.71 %
Q1 2006	36.48 %	23.84 %	14.58 %
Q2 2006	38.91 %	26.73 %	17.38 %
Q3 2006	39.64 %	25.25 %	17.09 %
Q4 2006	40.56 %	26.75 %	18.09 %
Q1 2007	38.63 %	25.08 %	15.22 %
Q2 2007	40.98 %	31.42 %	18.25 %
Q3 2007	41.14 %	29.97 %	18.38 %
Q4 2007	37.71 %	29.28 %	18.48 %
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 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2005	869.57	0.43	0.44	1.29
Q2 2005	869.57	0.43	0.44	1.40
Q3 2005	869.57	0.43	0.43	1.52
Q4 2005	869.57	0.44	0.44	1.64
Q1 2006	869.57	0.46	0.46	1.75
Q2 2006	869.57	0.48	0.48	1.89
Q3 2006	869.57	0.51	0.51	2.03
Q4 2006	869.57	0.53	0.53	2.18
Q1 2007	947.83	0.52	0.52	2.66
Q2 2007	947.83	0.57	0.57	2.83
Q3 2007	947.83	0.64	0.64	3.03
Q4 2007	947.83	0.70	0.70	3.22
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

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2005	869.57	0.44	0.44	1.64
2006	869.57	0.53	0.53	2.18
2007	947.83	0.70	0.70	3.22
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

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2005	-	-	-
Q2 2005	-	-	-
Q3 2005	35.32	35.32	9.99
Q4 2005	46.80	46.80	12.65
Q1 2006	38.97	38.97	10.23
Q2 2006	40.46	40.46	10.36
Q3 2006	29.87	29.87	7.48
Q4 2006	17.26	17.26	4.23
Q1 2007	17.26	17.26	3.40
Q2 2007	19.24	19.24	3.88
Q3 2007	16.33	16.33	3.44
Q4 2007	20.68	20.68	4.52
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

Period	P/E	Adjusted P/E	Price/book
2005	46.80	46.80	12.65
2006	17.26	17.26	4.23
2007	20.68	20.68	4.52
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

Business Segments (Million)

Compared With The

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
Q1 2007	719.26	-	87.68	-	-
Q2 2007	814.17	-	91.57	-	-
Q3 2007	917.02	-	95.37	-	-
Q4 2007	950.59	-	94.19	-	-
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	-

Period	Dairy & Juice	Poultry Project	Bakeries Productions	Others	Arable and Horticulture
2006	2,756.94	-	-	-	-
2007	3,401.04	-	368.80	-	-
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	-

Analysts Estimates (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change‬
Average	431.95	428.03	(0.9 %)

Estimates vs Actual (Million)

Item	Q4 2014 (e)	Q4 2014 (a)	Change
OSOOL AND BAKHEET	429.90	428.03	(0.4) %
Alistithmar Capital	434.00	428.03	(1.4) %

Financial Ratios

	Current
Market Cap (M Riyal)	56,100.00
Enterprise Value (EV) (M)	65,237.56
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)	26.63
P/E (TTM)	26.63
Price/book	3.06
Return on Average Assets (%) (TTM)	6.2
Return on Average Equity (%) (TTM)	11.8

Almarai Co. (ALMARAI)

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Al-Marai’s 2014 net profit Up 11% to SAR 1674.3 mln

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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)

Revenue by Business Segment (Latest) 2014 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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Al-Marai’s 2014 net profit Up 11% to SAR 1674.3 mln

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 2014

Revenue by Business Segment (Latest) 2014 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Almarai Co. (ALMARAI)

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Business Segments (Million)