The financial statements of the company, the Saudi Dairy and Food Company (SADAFCO), showed that the company's profits during the first nine months of this year increased by 14.4% on an annual basis.
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According to the company's results for the Saudi market (Tadawul), today, Tuesday, profits for the period amounted to 140.79 million riyals, compared to profits of 123.03 million riyals for the first nine months of 2019.
The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in sales, the decrease in the cost of sales and expenses of promotional activities, which were partially compensated for by the increase in costs caused by the virus New Corona (Covid 19).
The company achieved profits of 70.26 million riyals in the third quarter of this year, compared to a profit of 65.13 million riyals for the same period last year, with an increase in profits by 7.9%.
