Saturday 23 June 2018
sugar refining

Savola Q3 profit up 32pc on higher sales

Saudi 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


Provisions hit Savola profit

Unexpected 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,

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