A Q4 earthquake
Q4 2016:Revenues almost stagnated (-0.16%) at SAR6.250bn vs. SAR56.260bn, yoy. The gross income sharply declined by -40.73% to SAR755.10m, a steep decline to 12.08% vs. 20.39%, a year ago. The net profit also dropped sharply to maintain its negative territory of SAR-964.3m vs. SAR515.30m, a year earlier.
By the end of December 2016:
Revenues slightly went down by -0.4% to SAR25bn vs. SAR25.1bn by the end of December 2015. The gross income fell by 11.95% to SAR4.425bn vs.
Savola Group is a multinational food group based in the Kingdom of Saudi Arabia. Co. is engaged in the manufacturing and marketing of vegetable oils and to set up related industries, retail outlets, dairy products, snack foods, packing materials, exports and imports, commercial contracting, trade agencies and development of agricultural products. Co. maintains a wide portfolio of businesses including Edible Oils, Sugar, Noodles/Pasta, Retail and Plastics. Co. has activities in the Gulf and the Middle East Region, North African and Central Asian countries (MENACA). Co. exports its edible oils, margarine, sugar and plastic to more than 30 countries around the world.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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