The decreasing trend continues
Savola Group's net earnings reached SAR434.4M during the second quarter of 2015, falling 15.37% compared with SAR513.3M a year earlier. Revenues were up by 2.87% to SAR13.968bn. The retail activity accused the worst net profit performance (-54.33%), followed by the Food segment (-17.42%). The six-month net income also dropped 3.37%, yoy, from SAR936.5M to SAR904.9M. The Net profit recorded in Saudi Arabia increased by 3% to SAR841.47M vs. SAR816.57M during the same period a year ago.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.