RIYADH: Shares of Domino"s Pizza regional operator Alamar Foods Co. declined 1.29 percent at Wednesday"s closing bell, despite recording a 10 percent profit increase after seeing significant sales growth in the first half The franchisor"s share price fell to SR122.40 from SR124 at the previous close. Alamar’s profits jumped to SR67 million ($17 million) during the first half of the year, compared to SR60.9 million in the first half of 2021, according to a bourse filing. The profit was coupled with a 31 percent increase in revenues to reach SR527 million at the end of the first six months of 2022. The results were driven by higher sales, partially offset by higher raw material costs due to global inflation, as well as higher expenses related only to the second quarter.
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