Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Savola Group revenue up 43 pct in Q1  Join our daily free Newsletter

MENAFN - 23/04/2014
No. of Ratings : 0
Add to Mixx!



(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.

 


MENAFN




  MENA News Headlines
 Apr 21 2015 - Trade balance deficit drops about 17%Jordan News Agency
(MENAFN - Jordan News Agency) The Kingdom's trade balance deficit had decreased by 16.9 percent at the beginning of this year, driven by a 34.8 percent fall in oil imports, according to Department of ...

 Apr 21 2015 - Kuwait Stock Exchange closes in red zoneSaudi Press Agency
(MENAFN - Saudi Press Agency) Kuwait Stock Exchange (KSE) ended Tuesday's session in the red zone as the weighted index lost 2.97 points, reaching 432.02 points, the price index lost 45.3 points, ...

 Apr 21 2015 - SFDA Prohibits Poultry Meat from Two US StatesSaudi Press Agency
(MENAFN - Saudi Press Agency) Saudi Food and Drug Authority (SFDA) has temporarily banned the import of poultry meat, eggs and their products and outfits from Arkansas and Kansas of the United States ...

 Apr 21 2015 - Egypt's former president Mohamed Morsi sentenced to 20 years in prisonJordan News Agency
(MENAFN - Jordan News Agency) Former Egyptian president Mohammed Morsi was sentenced to 20 years in jail Tuesday, on charges relating to the deaths of protesters outside his palace three years ago.In ...

 Apr 21 2015 - RTA showcases initiatives supporting green economy in WETEX 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Through its participation in the Water, Energy, Technology, and Environment Exhibition (WETEX), the Roads and Transport Authority (RTA) is promoting a raft of ...

 Apr 21 2015 - Ninth edition of UAE capital's leading real estate event returns with new features and highlights across 18,000sqm of exhibition spaceEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAMThe ninth edition of Cityscape Abu Dhabi has been officially inaugurated by HH Sheikh Hazza bin Zayed Al Nahyan, National Security Advisor and Vice Chairman of the ...

 Apr 21 2015 - DFM inaugurates Annual Stock Game for students to explore financial marketsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Financial Market, DFM, today inaugurated its Annual Stock Game with the participation of 5,723 students from schools and universities in the UAE and ...

 Apr 21 2015 - Kuwaiti Foreign Minister and his Moroccan counterpart discuss regional and international developmentsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Foreign Minister of Kuwait, Sheikh Sabah Al Khaled Al Hamad Al Sabah and his Moroccan counterpart Salaheddine Mezouar have discussed bilateral ties and a host of ...

 Apr 21 2015 - UN Security Council strongly condemns murder of Christians in LibyaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UN Security Council has strongly condemned in a statement late Monday the "heinous" and "cowardly" apparent murder in Libya of over 30 Ethiopian ...

 Apr 21 2015 - Ban urges bold changes to aid action as states prepare for World Humanitarian SummitEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Looking ahead to the World Humanitarian Summit in Istanbul next year, the United Nations Secretary-General today stressed how news stories were serving to compel ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help