FINANCIAL NEWS

Saudi SADAFCO maintains growth, revenue jumps to 5.3pct

01 Aug 2017

(MENAFN) Saudia Dairy and Foodstuff Co. (SADAFCO) managed to receive healthy net margins in the Jan-June period of this year consistent with the previous quarter and the same period of 2016.

Additionally, despite the growth in material input costs SADAFCO achieved revenue of SR77mn in the cited period of this year, which shows 5.3 percent increase.

However, despite challenging market conditions, the firm maintains strong working capital ratios, healthy cash balance of SAR505mn with zero leveraging.

Whole sales posted SAR452.8mn amid the first quarter, a jump of 1.2 percent from QR 2016, but less by 4.8 percent from the same period of 2016.

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MENAFN0108201700450000ID1095678158

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