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FINANCIAL NEWS
Saudi Savola’s 2011 income up 35.6%
22 Feb 2012
(MENAFN) The Savola Group said that net income for last year jumped 35.6 percent from 2010’s USD236.41 million to USD319 million, reported Arab News.
The company added that operating profit increased 20 percent to USD479 million, compared with USD399 million a year earlier.
It also said that gross profit in the year rose 16.1 percent from 2010’s USD911 million, to USD1.05 billion.
It is worth noting that revenues were up 20 percent compared with 2010, reaching USD6.71 billion.
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