date:Oct 25, 2013
Saudi Arabia's Savola Group posted a 12.9 percent rise in third-quarter net profit on Thursday and said it was on track to meet its forecast for full-year earnings.
The food company made a quarterly net profit of 457.4 million riyals ($122 million) for the three months to September 30, a bourse filing said. This compares with a quarterly profit of 405.2 million riyals in the year-earlier period.
Savolaattributed the increase to continued sales growth and increased market share in its retail se