Riyadh – Mubasher: Saudi Arabia’s Herfy Food Services on Monday announced the opening of a new franchised branch in Bangladesh.
The new facility marked the firm’s third franchised branch in the Asian nation, according to a statement to the Saudi Stock Exchange (Tadawul).
In December, Herfy Food inaugurated its first branch in Bangladesh under a franchise system.
The Saudi food company last reported a 3.7% year-on-year rise in its net profits after calculating Zakat and Tax, recording SAR 58.1 million in the third quarter of 2018, from SAR 45.89 million.
From January to September 2018, profits inched down 0.27% to SAR 151.74 million, compared to SAR 152.15 million in the same period a year earlier.
By 10:18 am Saudi time, Herfy Food Services’ stock inched up 0.10% to SAR 48.10.
