Friday 25 April 2014
 
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Savola

Savola profits jump 43pc in Q1

Saudi Arabia's Savola Group posted a 43 percent rise in first-quarter profit on Sunday, beating analysts' estimates as the food producer expanded its market share in the retail sector, revenue rose and financial charges fell.

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Savola Q4 profit rises 37pc to $150m

Saudi Arabia's Savola Group reported a 37 percent rise in fourth-quarter net profit on Monday, missing analyst estimates after the food company took an impairment of 100 million riyals on its investments and commodity prices fell.

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Savola on track to meet full-year forecasts

Saudi Arabia's Savola Group said it has registered a 12.9 per cent rise in third-quarter net profit and was on track to meet its forecast for full-year earnings. The food company made a quarterly net profit of SR457.4 million

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Capacity expansions ‘to back Saudi food sector’

The long-term outlook of the Saudi food and agriculture sector remains strong with capacity expansions at major food companies Savola and Almarai aiming to capture this growth, a report said. “We remain Overweight on Savola

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Savola cuts forecast after Q2 profit jump

Saudi Arabia's Savola Group expects third-quarter earnings to decline against last year despite posting a 13.6 percent rise in second-quarter net profit thanks to increased market share in the kingdom's retail sector. The

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Savola sugar refinery hit by fire

Saudi food company Savola Group said on Saturday a fire at its United Sugar Company in Jeddah on Thursday would not affect its projected 2013 financial results or reduce Saudi sugar supplies much during Ramadan. The fire happened

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Savola switches to Fri-Sat weekend

Leading Saudi Arabia-based food conglomerate Savola Group has announced plans to shift its weekend from Thursday-Friday to Friday-Saturday starting from the second half of 2013.

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Savola switches to Fri-Sat weekend

Leading Saudi Arabia-based food conglomerate Savola Group has announced plans to shift its weekend from Thursday-Friday to Friday-Saturday starting from the second half of 2013.

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Savola backs children’s rehabilitation centre

The Savola Group signed an agreement with the Children’s Ability Programs (CAP) in Jeddah to support the rehabilitation for 10 children with disabilities at an average of 11-12 sessions for each child. The agreement comes as

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Savola Q4 net profit plunges 17pc

Savola Group, the Saudi-based food conglomerate, made a net profit of SR413.4 million ($110.2 million) in the three months ending December 31, marking a drop of 17 per cent drop in fourth-quarter. The firm, which owns the Middle E

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