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Sadafco’s Q2 profit grows 21%

Sadafco’s Q2 profit grows 21%
Sadafco’s fiscal year starts in April and ends in March
SADAFCO
2270
28.91% 387.00 86.80

Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadafco) reported its interim financial results for the second quarter ended 30 September.

Net profits after zakat and tax levelled up by 20.9% to SAR 65.12 million in Q2, compared to SAR 53.83 million in the year-ago period, according to the firm’s statement to the Saudi Stock Exchange (Tadawul) on Monday. 

The company generates SAR 521 million in revenues during the three-month period ended September, from SAR 476.62 million in the corresponding period in the prior fiscal year.

In six months, Sadafco’s net profits increased by 18.46% to SAR 123 million, versus SAR 103.8 million in the same period of the previous year.

Total revenues of the Saudi firm grew by 13.4% to SAR 1 billion in the six-month period ended September, from SAR 886.7 million in the same period a year ago.

It is worth mentioning that Sadafco’s fiscal year starts in April and ends in March.