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Wednesday, 22 February 2012

2011 best financial year for Savola as profit soars |

The Savola Group achieved consolidated net income of SR1.2 billion in 2011, an increase of 35.6 percent compared to the previous years SR886.7 million, the company said in a statement Tuesday.
Earnings per share is SR2.40, compared to SR1.77 for the previous year. Gross profit amounted to SR3.97 billion, an increase of 16.1 percent compared to SR3.42 billion in 2010. Operating profit amounted to SR1.8 billion, an increase of 20 percent against SR1.5 billion in 2010.