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FINANCIAL NEWS
Saudi SADAFCO posts USD40.5m full year profit
13 Jul 2012
(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.
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