Almarai 2Q16 earnings up 19% Y-o-Y on favourable input costs, SG&A controls; beat forecast on better-than-expected gross margin
Reported net profit : SAR628.8mn, +19% Y-o-Y, +104% Q-o-Q, +17% vs. EFGe Revenue: SAR4025.4mn, +10% Y-o-Y, +17% Q-o-Q, -2% vs. EFGe Net operating profit: SAR741.4mn, +16% Y-o-Y, +84% Q-o-Q, +12% vs. EFGe Almarai posted 2Q16 ea
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