SADAFCO net profit climbs 43.5% as sales surge

RIYADH: Saudia Dairy and Foodstuff Co. saw a 43.5 percent surge in net profit during the final three months of 2022 on the back of rising sales, the company has announced.

SADAFCO recorded a net profit after tax of SR78.3 million ($20.88 million) in the three months to the end of December, compared to SR54.6 million in the same period in 2021.

Sales increased by 25.8 percent compared to a year prior to reach SR654 million, according to a recent announcement on the Saudi Stock Exchange known as Tadawul.