Beyti was established in with the acquisition of the largest commercial dairy farm in Egypt from the Saudi Group Dallah Al-Baraka. The International Company for Agro Industrial Projects, Beyti invested in a multi-million dollar construction of a fully-automated, state-of-the-art facility on the Cairo-Alex Desert Road to allow it to process top quality dairy and agricultural products.
Element List Explanation Reason for increase decrease in net profit for current quarter compared to the same quarter of the previous year The decrease of The decrease in topline growth of - 0.
The decrease by - 4. This is due to better efficiencies in route to market and trade operations. This is due to the reduction in cost in various back office functions and efficiency programs.
Funding costs are lower by 3. Exchange Loss was higher by SAR 3. The Category Profit decreased by - The Category Profit decreased by This is due to higher sales, driven by greater operational efficiencies, strong growth within the food service channel, and persistently low mortality.
Reason for increase decrease in net profit for current quarter compared to the previous quarter The decrease of Reason for increase decrease in net profit for current period compared to the similar period of the previous year The decrease of — 1.
The decrease in topline growth of — 1. The decrease by — 0. This is due to higher general marketing expenses and trade support offset by better efficiencies logistics and distribution. This is due to efficiency programs, consolidation in Head office activities and reduced labor costs as result of lower headcount.
Funding costs are lower by SAR The Category Profit decreased by — The Category reported a Profit of This is due to higher sales, greater operational efficiencies, strong growth within the food service channel and frozen products, and persistent low mortality. Type of the external auditor's opinion Unmodified opinion Reclassifications in quarter financial result Items, elements and notes of the comparatives Consolidated Interim Financial Statements have been redisplayed, regrouped and reclassified to meet with the applied accounting policies for the current period which have been prepared according to the International Financial Reporting Standards IFRS that are endorsed in the Kingdom of Saudi Arabia.
For more information, please see the note 2.Almarai Recruitment. Founded in , Almarai Company is the world’s largest vertically integrated dairy company and the region’s largest food and beverage manufacturing and distribution company.
Almarai is an integrated organisation spanning the food supply chain from dairy farms through to retail stores. It also markets a range of food and beverage products under the brands “ALMARAI”, “ALYOUM”, “SMOOTHY” and “ZADY”, principally through retail outlets.
Almarai announced the boards of United Farmers Holding Company (UFHC) and Continental Farmers Group plc (CFG) have reached an agreement on the terms of a recommended cash offer to acquire all. Almarai completed the purchase of 9, acres of farmland in Vicksburg, Arizona, US, on March 6, according to the company’s announcement posted on Tadawul website.
Official site of Holiday Inn Riyadh - Izdihar. Read guest reviews and book your stay with our Best Price Guarantee.
Kids stay and eat free at Holiday Inn. Its brands includes Almarai, Alyoum, L'usine, 7Days, and Nuralac. The company was founded by Sultan bin Mohammed bin Saud Al Kabeer in and is headquartered in Riyadh, Saudi Arabia.