Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadfco) disclosed its interim financial results for the second quarter of 2019.
Net profits after zakat and tax grew 15.7% to SAR 57.9 million in Q2-19, compared to SAR 50.02 million in Q2-18, according to a bourse filing on Thursday.
The company attributed the increase in profits to higher sales and favourable product and channel mix.
Revenues of the Saudi firm levelled up to 18.2% year-on-year to SAR 485.2 million by the end of June.
