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FINANCIAL NEWS
Saudi’s Sadafco posts USD12.5mn revenue
09 Nov 2016
(MENAFN) Saudia Dairy and Foodstuff Co. (Sadafco) reported USD12.5mn increase in net profit amid the six-month period ending on Sep 30.
Accordingly, the firm was able to secure healthy margins, despite the lower sales value; it achieved a modest increase in volume, which made a growth in market share.
Moreover, the firm earned double-digit growth in net profit, growing by 36 percent from USD14.4mn to USD19.6mn.
In addition, gross profit increased by 13.89 percent to USD50.3mn and operational profit grew by 29 percent to USD20.5mn.
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