(MENAFN) Saudia Dairy and Foodstuff Company's (SADAFCO) CEO, Wout Matthijs, stated that the company's full year 2011-12 net profit grew to reach USD40.52 million, reported Arab News.
Matthijs said that the figure represents a jump of 17 percent from the USD34.39 million net profit recorded in the 2010-11 full year.
Moreover, gross profit for the financial year that ended on March 2012 went up 13 percent to USD110.64 million, compared with USD98.11 million a year earlier.
It is worth noting that operating income during the period grew by 22 percent to USD40.79 million.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.