Doha: Baladna reports a significant growth in top line of 28% associated with a market share increase.
The net profit declined due to the increase in the cost of animal feed, raw materials, packaging materials, fuel, logistics and finance cost which negatively impacted our profits and results and cash flow leading to the company’s inability to pay dividends to its shareholders for 2022 results as it used to do every year.
Coordination is currently undergoing with the authorities to study multiple solutions to reduce the effects of high production costs on the company's profitability.
