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Savola Q3 profit up 32pc on higher salesSaudi Savola Group posted a 31.6 per cent rise in its third-quarter net profit on the back of higher sales and market share, it said in a bourse statement on Tuesday, comfortably beating analyst forecasts. The firm, which owns the More… |
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Provisions hit Savola profitUnexpected provisions for loss-making units and asset write-offs all but wiped out fourth-quarter profits at Saudi food company Savola. Savola Group, which owns the Middle East's biggest sugar refining business and produces edible oil, More… |
