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FinancialNews


  • 13-07-12

    Saudi SADAFCO posts USD40.5m full year profit

    (MENAFN) Saudia Dairy and Foodstuff Company's (SADAFCO) CEO, Wout Matthijs, stated that the company's full year 2011-12 net profit grew to reach USD40.52 million, reported Arab News. Matthijs said that the figure represents a jump of 17 percent from the USD34.39 million net profit recorded in the 2010-11 full year. Moreover, gross profit for the financial year that ended on March 2012 went up 13 percent to USD110.64 million, compared with USD98.11 million a year earlier. It is worth noting that operating income during the period grew by 22 percent to USD40.79 million.

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