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Saudi's Herfy Food Services profit rises 26%

Herfy Food Services, Saudi Arabia's largest fast-food chain, said full-year profit increased 26% on higher sales in 2009, Bloomberg has reported. Net income gained to 114.6 million riyals ($30.6m), or 6.42 riyals a share, from 91.3 million riyals, or 5.11 riyals a share the year earlier, the company said in a statement. Full-year sales increased 11% to 517.6 million riyals in 2009.

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