09-10-2016 09:40 via news.yahoo.com

BUZZ-Q3 earnings boost Saudi's Almarai

** Shares in Saudi Arabia's Almarai, Gulf's largest dairy company, climb 1.4 percent to 55.00 riyals ** Company reported 10 percent year-on-year increase in third-quarter net profit to 654.6 million riyals ($174.6 million) ** Five analysts polled by Reuters had forecast 627.8 million riyals ** Company cited 2.5 percent rise in sales during quarter, as well as 1.1 percent drop in cost of sales due to "continued decrease of inputs costs, better cost management and enhanced production efficiencies
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