Savola Posts Net Profit of SR66m

RIYADH, 9 April 2004 — Saudi Arabian food group Savola reported on Wednesday a SR66 million ($17.6 million) net profit in the first quarter of 2004, up from SR51 million a year earlier. A company statement said sales rose to SR1.1 billion from SR0.9 billion, and earnings per share in the first three months of the year increased to SR4.13 compared to SR3.20 a year earlier.