Saudi profits "SAVOLA" grows by 11% after the exclusion of pasture distributions

The Saudi -“SAVOLA GROUP” managed to achieve the real growth in its net profits in the first quarter of 2025 with 189.2 million Riyale, compared to 170.3 million Riyale in the same period last year, after the impact of suspended operations, the profit of the “Al -Mari”. dropped by 45.7% on the basis of annual basis, compared to 348.8 million Riyals recorded by SAVOLA in the first quarter of 2024, which was then supported by a major contribution of the “pasture” of 236.7 million Riyals, before the group spread its full share to its shareholders. “SAVOLA” closed, 7.11% dropped to 28.75 Riyals in the Saudi stock market. According to a statement from the company published on the Saudi Stock Exchange website “Tadawul”, the group achieved a growth in turnover by 6.3%, driven by improving retail sector’s performance by 4%, thanks to the geographical expansion of the company “Panda” and the application of the Customer experience program (CXR). The food manufacturing sector also contributed to the promotion of sales, as well as the inclusion of the results of the ‘United Egyptian Sugar Company’ within the united lists, after being classified as a colleague business in the same quarter of 2024.