Retail activity: The disappointed hopes
Savola Group's net earnings reached SAR391.566M during the third quarter of 2015, falling 46.7% compared to SAR734.652M a year earlier. Revenues were up by 0.6% to SAR19.845bn for the first nine months of 2015. The retail activity accused the worst net profit performance (-60.3%), followed by the Food segment (-12.93%). The nine-month net income also dropped 25.04%, yoy, from SAR1.756bn to SAR1.316bn. The Net profit recorded in Saudi Arabia decreased by 20.04% to SAR1.170bn vs.
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