Saudi's Savola Q4 loss narrows on higher margins

Saudi's Savola Q4 loss narrows on higher margins:

"Saudi Arabia’s largest food products company, Savola Group, reported a fourth-quarter loss on Sunday but said it was much smaller than a year earlier due to higher profit margins and a lower impairment loss at one of its subsidiaries.

Its net loss for the three months to Dec. 31, 2017, was 37.5 mln riyals ($10 million), compared with a loss of 915.7 million riyals a year earlier.

NCB Capital forecast Savola would make a quarterly net profit of 144 million riyals."



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