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FINANCIAL NEWS
SADAFCO’s net profit hits USD40.5m
12 Jul 2012
(MENAFN) Saudia Dairy and Foodstuff Company’s (SADAFCO) CEO, Wout Matthijs, stated that the company’s net profit for the past fiscal year hit USD40.5 million, compared to USD34.4 million reported a year before, reported Arab Times.
The CEO said that the year-on-year increase amounted to seventeen percent. The company had substantial increases in overall earnings and sales as well.
The CEO added that earnings per share went up by 0.17 percent.
It is worth mentioning that the company growth has been going up for the third year in a row.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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