The Clap
Al Marai’s (2280) profits in Q4 2022 jumped by 24.2% compared to Q4 2021.
What
The increase in its profits in Q4 is due to the growth of the poultry and bakery sectors, the expansion of food services, and the back-to-school season, leading to an increase in revenues by 13.7%.
So What
The company expects its positive growth to continue in the future but at a lower rate as commercial patterns go back to normal, educational institutions open up, and touristic activities resume.
Now What
Al Marai expressed its fear of growing dairy and fodder costs, as well as the global supply chain crisis. The company will continue to manage these risks through better hedging and optimizing stock utilization.
