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FINANCIAL NEWS
Saudi food company Savola posts USD103m profit in Q2
18 Jul 2013
(MENAFN) Saudi food firm Savola Group reported a 13.6 percent increase in quarterly profits on bigger market share in Saudi Arabia’s retail sector, Reuters reported.
The company said it made USD103.4 million net profit during the second quarter, up from USD91 million a year earlier.
The higher results came as the company gains greater market share in the retail sector and “sustained growth in the edible oil segment”, Savola said.
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