21 Apr 2014
(MENAFN) Net profit of Saudi Arabia”s Savola Group registered a significant growth in the first quarter of the current year after expanding its market share in the retail sector, according to Arab News.
The food producer posted 43 percent rise in net profit for the quarter reaching USD112.8 million, while revenue and financial charges dropped.
The last quarter’s revenue was up from USD78.64 million in the same quarter 2013, according to a statement to Riyadh”s bourse.
The firm, a producer of cooking oil, sugar and other foodstuffs, attributed its higher net profit to growth in revenue, increased market share in the retail sector, lower finance charges and larger profits from an affiliate.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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