Almarai Q210 Earnings Beat Consensus, Long-Term Outlook Very Strong

The Middle East region's largest dairy firm by annual sales Almarai has reported above consensus Q210 (three months to June 30 2010) net income growth of 19.5% year-on-year (y-o-y). Strongly positioned in dairy across the Gulf and increasingly looking well placed to catch what we anticipate will be a strong pickup in consumer spending in some of the Middle East and North Africa (MENA) region's fastest growing economies (most notably Egypt), Almarai is likely to continue posting double-digit growth over the H210 (period).

To read the full article, please choose one of the following options: