Sunday, 19 November 2017 12:58 GMT
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Saudi Savola Group revenue up 43 pct in Q1

(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to Riyadh's bourse, Savola"s profits hit USD112.8 million in the first three months of 2014, increasing from USD78.65 million a year earlier. Analysts expected Savola to make a USD86.11 million profit in a quarter. The producer of foodstuffs cited the high net profit to revenue growth, increased market share in the retail sector, lower finance charges and larger profits from an affiliate.


Saudi Savola Group revenue up 43 pct in Q1

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