Saudi Savola Group posted a 31.6 percent 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 Middle East's biggest sugar refining business, made 405 million riyals ($108 million) in the three months ending September 30 compared with 308 million riyals in the same period a year earlier.
The company added it would distribute a quarterly dividendof 150 million riyals, or 0.30 riyals a share, in November.
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