Saudi Savola third quarter profit hits SR283m

19 October 2010

Savola Azizia United Co has said its third quarter profit rose to SR283m

Saudi-based food producer Savola Azizia United Co has said its Q3 profit rose to SR283m from SR277.9m a year-ago, Bloomberg has reported. Savola said its fourth quarter profit is expected to reach SR230m and full-year net income to SR920m. Third-quarter operating profit fell 10% to SR403.4m, Savola said.

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