According to the results of the company for the Saudi market (Tadawul) today, Sunday, the profits of the period amounted to 70.53 million riyals, compared to profits of 57.91 million riyals for the same period last year. p>
The company said that the increase in profits during the comparison periods is due to the increase in sales and the positive impact of the expenses to meet the increase in the percentage of sales.
Net sales in the second quarter of this year amounted to 566 million riyals, an increase of 16.6% (80 million riyals) over the same quarter of last year.
Milk sales (excluding Milcoma) increased by 27%, and tomato paste increased by 25%; Due to the high rate of consumption due to staying longer in homes due to the consequences of Corona Virus (Covid 19), ice cream sales increased by 2%.
SADAFCO maintained a positive profit margin of 32.4% in the second quarter of this year, compared to 32.2% for the same quarter of 2019.
(Fun Knowledge of Knowledge)
