Sharp fall of profits in 2015
For Q4 2015, revenues dropped by 3.56% to reach SAR6.615bn vs. SAR6.860bn a year ago. However, Q4 2015 net profit was up to SAR591.197M vs. SAR434.356M in the prior-year period. At the end of 2015, Savola Group recorded SAR1.792bn in its net profit, which fell 13.5% compared with SAR2.072bn a year earlier. By segment, the retail activity accused the worst net profit performance (-69.87%). However, Retail revenues increased by 10.89%. The food segment recorded the best net profit performance (+12.62) with a -9.45% drop in revenues.
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