Savola Group Company Announces Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2013
For the year, the company's net profit was SAR 1,704 million against SAR 1,402 million a year ago. Operational profit was SAR 2,577 million against SAR 2,456 million a year ago. Earnings per share was SAR 3.37 against SAR 2.8 a year ago. The increase in the net profit for the twelve month of 2013 compared to the same period of last year is attributed mainly to the continued growth and increased market share in retail sector and capital gain of SAR 231.4 million resulting from the sale of the groups stakes in the lands in AlMadinah AlMunauwarah to knowledge economic city company mentioned above.