Almarai office

Saudi dairy producer, Almarai Co.’s, Q2 2021 results came below Riyad Capital and consensus estimates, the brokerage firm said in an earnings review.

 

Gross profit of the company decreased by 12% year-on-year (YoY) due to structural adjustment related to the reduction of subsidies, and the increase in the feed cost as now all alfalfa consumed is 100% imported and adverse channel mix.

 

Riyad Capital maintained its rating at ‘Neutral’, without changing the target price (TP) of SAR 59/share.

 

A ‘Neutral’ recommendation means that the total expected returns range between +15% and -15%.

Riyad Capital - Almarai 29/07/2021

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Almarai’s net profit drops 16% to SAR 867.9 mln in H1 2021

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request