Almarai 1Q2016 earnings flattish, as expected, hit by higher energy costs and poultry losses and lower subsidies
Net income: SAR309 million +1% Y-o-Y, -36% Q-o-Q, +5% versus EFGe Revenue: SAR3,450 million +14% Y-o-Y, -4% Q-o-Q, +2% versus EFGe Operating profit: SAR403 million +7% Y-o-Y, -30% Q-o-Q, +1% versus EFGe Almarai posted a 1Q201
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