SADAFCO Announces Strong Sales and Solid Net Profit Performance for Financial Year 2020-21
- Date: 17-Jun-2021
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
SADAFCO Announces Strong Sales and Solid Net Profit Performance for Financial Year 2020-21
Saudia Dairy and Foodstuff Company (SADAFCO) announced year-on-year growth in revenue and operating profit for the financial year (FY) 2020-21. Annual revenue reached SAR2.1 Billion, a year-on-year, (YoY)increase of 2.4%, while operating profit grew 3.3%, reaching SAR 285 Million.
Net profit of SAR 261 Million, is healthy at 12.4% of sales, a decline of 1.6% YoY, due to exceptional Coivd-19 and donation costs.
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